Farmers National Banc (NASDAQ:FMNB) Shares Down 4.5% – Time to Sell?

Farmers National Banc Corp. (NASDAQ:FMNB) fell 4.5% during trading on Wednesday . The company traded as low as $14.25 and last traded at $14.25. 8,181 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 93,832 shares. The stock had previously closed at $14.92.

Analyst Ratings Changes

A number of brokerages recently weighed in on FMNB. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Finally, Raymond James lifted their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Price Performance

The company has a fifty day moving average price of $14.87 and a two-hundred day moving average price of $13.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The firm has a market cap of $528.70 million, a P/E ratio of 9.75 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The company had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million. Equities analysts anticipate that Farmers National Banc Corp. will post 1.36 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio is 46.90%.

Insider Transactions at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the sale, the executive vice president now directly owns 27,116 shares of the company’s stock, valued at $430,602.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s 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 owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its stake in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Farmers National Banc during the 1st quarter worth approximately $140,000. Inspire Investing LLC increased its holdings in shares of Farmers National Banc by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after acquiring an additional 1,625 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Farmers National Banc in the 1st quarter valued at $73,000. Finally, Farmers Trust Co. raised its stake in Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock valued at $6,298,000 after acquiring an additional 19,778 shares during the period. Institutional investors own 38.72% of the company’s stock.

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.