Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Rises By 9.6%

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 313,400 shares, a growth of 9.6% from the August 31st total of 286,000 shares. Based on an average daily volume of 94,600 shares, the short-interest ratio is currently 3.3 days.

Insiders Place Their Bets

In related 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 value of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related 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 value of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total transaction of $31,760.00. Following the completion of the transaction, the executive vice president now directly owns 27,116 shares of the company’s stock, valued at $430,602.08. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC purchased a new position in shares of Farmers National Banc during the 1st quarter worth $73,000. True Wealth Design LLC purchased a new position in shares of Farmers National Banc during the 4th quarter worth $89,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Farmers National Banc during the 1st quarter worth $140,000. Cubist Systematic Strategies LLC boosted its stake in shares of Farmers National Banc by 8.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after acquiring an additional 997 shares during the last quarter. Finally, Busey Bank purchased a new position in shares of Farmers National Banc during the 2nd quarter worth $224,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FMNB. Raymond James raised their target price on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. 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 research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Down 3.0 %

Shares of NASDAQ FMNB traded down $0.45 on Tuesday, reaching $14.67. 115,065 shares of the company’s stock traded hands, compared to its average volume of 95,929. Farmers National Banc has a 12 month low of $10.38 and a 12 month high of $16.32. The business’s 50 day simple moving average is $14.88 and its two-hundred day simple moving average is $13.35. The company has a market cap of $550.86 million, a price-to-earnings ratio of 10.12 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 posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The firm had revenue of $66.45 million for the quarter, compared to analysts’ expectations of $42.15 million. As a group, equities research analysts forecast that Farmers National Banc will post 1.37 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s payout ratio is 46.90%.

About Farmers National Banc

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.