Farmers National Banc Corp (FMNB) Director Edward Muransky Acquires 6,850 Shares

Farmers National Banc Corp (NASDAQ:FMNB) Director Edward Muransky bought 6,850 shares of Farmers National Banc stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $14.99 per share, with a total value of $102,681.50. Following the completion of the acquisition, the director now owns 23,934 shares of the company’s stock, valued at approximately $358,770.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Farmers National Banc Corp (NASDAQ:FMNB) traded down $0.10 during trading hours on Monday, hitting $14.75. 8,729 shares of the company were exchanged, compared to its average volume of 27,043. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc Corp has a 12-month low of $12.65 and a 12-month high of $15.95. The company has a market capitalization of $409.03, a price-to-earnings ratio of 16.32 and a beta of 0.35.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Farmers National Banc had a net margin of 21.72% and a return on equity of 10.89%. The firm had revenue of $25.12 million during the quarter, compared to analyst estimates of $25.90 million. equities research analysts anticipate that Farmers National Banc Corp will post 1.12 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Farmers National Banc by 38.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock valued at $733,000 after purchasing an additional 14,000 shares during the last quarter. Rhumbline Advisers lifted its position in Farmers National Banc by 33.8% during the second quarter. Rhumbline Advisers now owns 26,970 shares of the bank’s stock valued at $391,000 after purchasing an additional 6,815 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Farmers National Banc by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 91,080 shares of the bank’s stock valued at $1,321,000 after purchasing an additional 2,489 shares during the last quarter. Prudential Financial Inc. lifted its position in Farmers National Banc by 44.0% during the second quarter. Prudential Financial Inc. now owns 17,010 shares of the bank’s stock valued at $247,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in Farmers National Banc during the second quarter valued at $238,000. Hedge funds and other institutional investors own 34.43% of the company’s stock.

A number of analysts have commented on the stock. Keefe, Bruyette & Woods cut shares of Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. ValuEngine upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, January 5th. Finally, BidaskClub lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.

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About Farmers National Banc

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

Insider Buying and Selling by Quarter for Farmers National Banc (NASDAQ:FMNB)

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