Farmers National Banc Corp. (NASDAQ:FMNB) Director Purchases $19,162.50 in Stock

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) Director David Z. Paull acquired 1,250 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was purchased at an average price of $15.33 per share, for a total transaction of $19,162.50. Following the completion of the transaction, the director now owns 46,667 shares in the company, valued at $715,405.11. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ FMNB traded up $0.19 during trading on Tuesday, hitting $15.70. 2,110 shares of the company were exchanged, compared to its average volume of 66,172. The company has a market cap of $533.96 million, a price-to-earnings ratio of 8.81 and a beta of 0.94. Farmers National Banc Corp. has a 1 year low of $14.57 and a 1 year high of $20.00. The firm’s fifty day moving average price is $16.76 and its 200 day moving average price is $17.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.68 and a quick ratio of 0.68.

Farmers National Banc (NASDAQ:FMNBGet Rating) last issued its earnings results on Wednesday, April 27th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Farmers National Banc had a net margin of 31.61% and a return on equity of 16.16%. On average, research analysts forecast that Farmers National Banc Corp. will post 1.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were given a dividend of $0.16 per share. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Thursday, March 10th. Farmers National Banc’s payout ratio is presently 36.36%.

A number of research firms recently weighed in on FMNB. Raymond James lowered their price objective on shares of Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. StockNews.com began coverage on shares of Farmers National Banc in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, March 31st.

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of Farmers National Banc by 29.9% during the 3rd quarter. Citigroup Inc. now owns 2,902 shares of the bank’s stock worth $46,000 after buying an additional 668 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Farmers National Banc by 59.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,767 shares of the bank’s stock worth $106,000 after buying an additional 2,523 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Farmers National Banc by 118.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,967 shares of the bank’s stock worth $109,000 after buying an additional 3,784 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Farmers National Banc during the 3rd quarter worth $165,000. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Farmers National Banc during the 3rd quarter worth $168,000. 38.56% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Company Profile (Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

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