Farmers National Banc Corp. (NASDAQ:FMNB) Director Gregory C. Bestic Buys 5,000 Shares

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) Director Gregory C. Bestic acquired 5,000 shares of Farmers National Banc stock in a transaction on Tuesday, May 10th. The shares were bought at an average price of $15.23 per share, with a total value of $76,150.00. Following the purchase, the director now directly owns 61,097 shares in the company, valued at approximately $930,507.31. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:FMNB traded up $0.10 during trading on Wednesday, reaching $15.36. 309 shares of the company’s stock traded hands, compared to its average volume of 86,091. Farmers National Banc Corp. has a fifty-two week low of $14.57 and a fifty-two week high of $20.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.19. The firm has a market cap of $522.32 million, a PE ratio of 8.67 and a beta of 0.94. The company has a 50-day simple moving average of $16.54 and a 200-day simple moving average of $17.57.

Farmers National Banc (NASDAQ:FMNBGet Rating) last posted its earnings results on Wednesday, April 27th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Farmers National Banc had a return on equity of 16.16% and a net margin of 31.61%. On average, equities research analysts forecast that Farmers National Banc Corp. will post 1.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 11th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 10th. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.17%. Farmers National Banc’s dividend payout ratio (DPR) is 36.36%.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, March 31st. StockNews.com assumed coverage on Farmers National Banc in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James reduced their price objective on Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, February 3rd.

Several large investors have recently bought and sold shares of FMNB. Wells Fargo & Company MN grew its position in shares of Farmers National Banc by 10.3% during the 2nd quarter. Wells Fargo & Company MN now owns 16,810 shares of the bank’s stock valued at $261,000 after acquiring an additional 1,565 shares during the period. SG Americas Securities LLC acquired a new stake in Farmers National Banc in the 3rd quarter worth about $266,000. Barclays PLC boosted its holdings in Farmers National Banc by 33.6% in the 3rd quarter. Barclays PLC now owns 35,303 shares of the bank’s stock worth $555,000 after buying an additional 8,886 shares during the last quarter. Citigroup Inc. boosted its holdings in Farmers National Banc by 29.9% in 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. Finally, American Century Companies Inc. boosted its holdings in Farmers National Banc by 15.1% in the 3rd quarter. American Century Companies Inc. now owns 66,929 shares of the bank’s stock worth $1,051,000 after buying an additional 8,798 shares during the last quarter. Hedge funds and other institutional investors own 38.56% of the company’s stock.

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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