Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume

Shares of Farmers National Banc Corp. (NASDAQ:FMNB) saw unusually-strong trading volume on Friday . Approximately 73,727 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 94,455 shares.The stock last traded at $15.63 and had previously closed at $15.77.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James upped their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Price Performance

The company’s fifty day moving average is $14.81 and its 200 day moving average is $13.27. The firm has a market cap of $563.63 million, a price-to-earnings ratio of 10.35 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. On average, equities research analysts predict that Farmers National Banc Corp. will post 1.37 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.53%. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Insider Activity at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the sale, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors have recently added to or reduced their stakes in FMNB. 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. Inspire Investing LLC increased its stake in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Farmers National Banc by 4.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock valued at $620,000 after purchasing an additional 2,258 shares during the period. American Century Companies Inc. grew its position in shares of Farmers National Banc by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock valued at $3,757,000 after acquiring an additional 8,525 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Farmers National Banc by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock worth $2,834,000 after purchasing an additional 12,160 shares during the last quarter. 38.72% of the stock is owned by institutional investors.

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.