Farmers National Banc Corp. (NASDAQ:FMNB – Get Free Report) EVP Mark Wenick sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares of the company’s stock, valued at $511,359.40. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Farmers National Banc Stock Performance
FMNB opened at $15.69 on Friday. The firm has a market capitalization of $929.16 million, a P/E ratio of 10.67 and a beta of 0.76. The stock’s 50 day moving average price is $14.72 and its two-hundred day moving average price is $13.91. 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 Corp. has a 12-month low of $12.12 and a 12-month high of $16.16.
Farmers National Banc (NASDAQ:FMNB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The company had revenue of $70.44 million during the quarter, compared to analyst estimates of $70.10 million. On average, equities analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.
Farmers National Banc Announces Dividend
Institutional Trading of Farmers National Banc
A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Farmers National Banc by 13.5% in the second quarter. BlackRock Inc. now owns 4,798,011 shares of the bank’s stock valued at $70,051,000 after purchasing an additional 569,057 shares in the last quarter. Deutsche Bank AG boosted its stake in Farmers National Banc by 20.2% during the second quarter. Deutsche Bank AG now owns 58,917 shares of the bank’s stock worth $860,000 after buying an additional 9,910 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Farmers National Banc by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 363,447 shares of the bank’s stock valued at $5,306,000 after buying an additional 25,518 shares during the period. Russell Investments Group Ltd. increased its holdings in Farmers National Banc by 566.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,308 shares of the bank’s stock valued at $428,000 after buying an additional 24,911 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Farmers National Banc by 5.3% in the 2nd quarter. Fifth Third Bancorp now owns 20,092 shares of the bank’s stock valued at $293,000 after buying an additional 1,006 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Piper Sandler upped their price objective on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.00.
Read Our Latest Stock Report on FMNB
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.
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