Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Drops By 5.7%

Farmers National Banc Corp. (NASDAQ:FMNB) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 278,000 shares, a decrease of 5.7% from the October 15th total of 294,900 shares. Based on an average daily trading volume, of 82,600 shares, the short-interest ratio is currently 3.4 days.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $15.31 on Monday. The company has a market cap of $575.47 million, a P/E ratio of 12.45 and a beta of 0.83. The business has a 50 day moving average of $14.79 and a two-hundred day moving average of $13.85. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, analysts anticipate that Farmers National Banc will post 1.24 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.44%. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Analyst Ratings Changes

A number of research analysts have commented on FMNB shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James lifted their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Farmers National Banc presently has a consensus rating of “Hold” and an average target price of $15.67.

Insider Buying and Selling at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Farmers National Banc

A number of large investors have recently modified their holdings of FMNB. BNP Paribas Financial Markets grew its position in Farmers National Banc by 74.8% in the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock worth $242,000 after purchasing an additional 7,761 shares during the last quarter. EntryPoint Capital LLC bought a new position in Farmers National Banc in the 1st quarter worth approximately $73,000. PEAK6 Investments LLC acquired a new stake in Farmers National Banc in the 1st quarter valued at approximately $248,000. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc in the 1st quarter valued at approximately $140,000. Finally, Twelve Points Wealth Management LLC raised its stake in Farmers National Banc by 12.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock valued at $678,000 after acquiring an additional 5,987 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.