Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Update

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,885,348 shares, a growth of 32.4% from the January 15th total of 1,424,041 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average trading volume of 345,761 shares, the short-interest ratio is currently 5.5 days. Based on an average trading volume of 345,761 shares, the short-interest ratio is currently 5.5 days. Currently, 5.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after buying an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Farmers National Banc by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after acquiring an additional 940 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Farmers National Banc by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank’s stock worth $372,000 after purchasing an additional 1,130 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Trading Down 0.6%

Shares of Farmers National Banc stock opened at $13.44 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $506.02 million, a P/E ratio of 9.27 and a beta of 0.85. Farmers National Banc has a 1 year low of $11.58 and a 1 year high of $15.50. The company’s fifty day moving average is $13.60 and its two-hundred day moving average is $13.86.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The business had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. Analysts forecast that Farmers National Banc will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.1%. Farmers National Banc’s payout ratio is 46.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FMNB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Wall Street Zen cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Piper Sandler reduced their price objective on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.50.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.