Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Expands By 5.2%

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 253,300 shares, an increase of 5.2% from the November 30th total of 240,700 shares. Based on an average daily trading volume, of 89,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of Farmers National Banc

A number of hedge funds have recently made changes to their positions in FMNB. Bank of New York Mellon Corp raised its stake in shares of Farmers National Banc by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock valued at $2,834,000 after acquiring an additional 12,160 shares during the last quarter. American Century Companies Inc. raised its position in shares of Farmers National Banc by 2.9% during the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock worth $3,757,000 after acquiring an additional 8,525 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Farmers National Banc by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock valued at $620,000 after acquiring an additional 2,258 shares during the last quarter. Inspire Investing LLC raised its holdings in Farmers National Banc by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after buying an additional 997 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Trading Down 2.0 %

Shares of Farmers National Banc stock opened at $13.93 on Friday. The firm’s 50 day moving average is $14.97 and its 200 day moving average is $14.49. The firm has a market capitalization of $523.60 million, a PE ratio of 11.33 and a beta of 0.86. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Equities research analysts forecast that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.88%. Farmers National Banc’s payout ratio is presently 55.28%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FMNB shares. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st.

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.