Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Increases By 85.1%

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,560,289 shares, an increase of 85.1% from the June 15th total of 842,863 shares. Based on an average daily volume of 719,552 shares, the short-interest ratio is currently 2.2 days. Approximately 2.7% of the company’s stock are short sold.

Insider Activity

In related news, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock valued at $364,000 after purchasing an additional 13,548 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares during the last quarter. Empowered Funds LLC grew its position in Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock worth $497,000 after purchasing an additional 12,735 shares during the last quarter. Jane Street Group LLC acquired a new position in Farmers National Banc during the 1st quarter valued at approximately $830,000. Finally, Legal & General Group Plc increased its stake in Farmers National Banc by 18.2% during the 2nd quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock valued at $503,000 after purchasing an additional 5,612 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler boosted their price target on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Wall Street Zen cut Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $14.64 on Friday. Farmers National Banc has a 12-month low of $12.12 and a 12-month high of $15.50. The business’s fifty day simple moving average is $14.28 and its 200-day simple moving average is $13.68. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company has a market cap of $866.98 million, a PE ratio of 10.10 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $56.26 million during the quarter, compared to analysts’ expectations of $55.30 million. Analysts expect that Farmers National Banc will post 1.62 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

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.