Farmers National Banc Corp. (NASDAQ:FMNB) Sees Significant Increase in Short Interest

Farmers National Banc Corp. (NASDAQ:FMNB) saw a large increase in short interest in 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 trading volume of 89,000 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Farmers National Banc

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after purchasing an additional 829 shares in the last quarter. FMR LLC lifted its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the period. Cubist Systematic Strategies LLC boosted 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 acquiring an additional 997 shares in the last quarter. Inspire Investing LLC increased its stake in Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Farmers National Banc by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after purchasing an additional 2,241 shares during the period. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Trading Up 0.9 %

NASDAQ FMNB opened at $14.22 on Thursday. The firm has a market capitalization of $534.50 million, a PE ratio of 11.56 and a beta of 0.86. The business’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $14.49. 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 has a 12 month low of $11.55 and a 12 month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. On average, analysts expect that Farmers National Banc will post 1.23 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 4.78%. Farmers National Banc’s payout ratio is 55.28%.

Analyst Upgrades and Downgrades

FMNB has been the subject of a number of recent research reports. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler reissued a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a report 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.