Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Update

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 253,300 shares, an increase of 5.2% from the November 30th total of 240,700 shares. Based on an average daily volume of 89,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of Farmers National Banc

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Farmers National Banc by 142.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank’s stock worth $1,151,000 after purchasing an additional 44,783 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after buying an additional 44,349 shares during the period. Barclays PLC boosted its stake in shares of Farmers National Banc by 330.9% in the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after buying an additional 42,951 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after acquiring an additional 40,367 shares during the period. Finally, State Street Corp raised its holdings in Farmers National Banc by 3.5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after acquiring an additional 28,499 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Price Performance

NASDAQ:FMNB opened at $13.93 on Friday. The company has a market cap of $523.60 million, a P/E ratio of 11.33 and a beta of 0.86. The firm’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $14.49. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. Equities analysts expect that Farmers National Banc will post 1.23 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.88%. Farmers National Banc’s payout ratio is currently 55.28%.

Analyst Ratings Changes

A number of brokerages have commented on FMNB. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

About Farmers National Banc

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.