Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Up 32.4% in January

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,885,348 shares, a growth of 32.4% from the January 15th total of 1,424,041 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average daily volume of 345,761 shares, the days-to-cover ratio is currently 5.5 days. Based on an average daily volume of 345,761 shares, the days-to-cover ratio is currently 5.5 days. Approximately 5.2% of the company’s stock are short sold.

Farmers National Banc Stock Down 0.6%

Shares of NASDAQ FMNB opened at $13.44 on Monday. The firm has a market cap of $506.02 million, a price-to-earnings ratio of 9.27 and a beta of 0.85. The company’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $13.86. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. Farmers National Banc has a 52-week low of $11.58 and a 52-week high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The firm had revenue of $49.89 million for the quarter, compared to analysts’ expectations of $50.70 million. Equities analysts predict that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.1%. Farmers National Banc’s dividend payout ratio is 46.90%.

Hedge Funds Weigh In On Farmers National Banc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after acquiring an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock valued at $368,000 after purchasing an additional 940 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Farmers National Banc by 2.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after purchasing an additional 966 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after buying an additional 1,083 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Farmers National Banc by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank’s stock valued at $372,000 after buying an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

FMNB has been the topic of several research analyst reports. Piper Sandler dropped their target price on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Finally, Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

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.