Michael Voinovich Sells 23,309 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Michael Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Up 1.3%

Shares of NASDAQ FMNB opened at $14.57 on Thursday. The firm has a market cap of $862.84 million, a PE ratio of 10.05 and a beta of 0.76. Farmers National Banc Corp. has a 12-month low of $12.12 and a 12-month high of $15.50. The company’s fifty day simple moving average is $14.12 and its 200 day simple moving average is $13.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. The business had revenue of $56.26 million during the quarter, compared to analysts’ expectations of $55.30 million. As a group, sell-side analysts forecast that Farmers National Banc Corp. will post 1.62 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, June 12th. Farmers National Banc’s dividend payout ratio is 46.90%.

Analyst Ratings Changes

A number of analysts recently commented on FMNB shares. Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Finally, Piper Sandler boosted their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Farmers National Banc currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FMNB. SG Americas Securities LLC increased its position in shares of Farmers National Banc by 6.4% during the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after acquiring an additional 920 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after acquiring an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Farmers National Banc by 3.5% in 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 valued at $368,000 after acquiring an additional 940 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Farmers National Banc by 2.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock valued at $569,000 after purchasing an additional 966 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Farmers National Banc by 12.4% during 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 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 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.