Farmers National Banc (NASDAQ:FMNB) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Farmers National Banc Corp. (NASDAQ:FMNB) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.48 and traded as low as $13.37. Farmers National Banc shares last traded at $13.53, with a volume of 315,005 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Zacks Research cut shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.50.

Farmers National Banc Price Performance

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $13.06 and its two-hundred day simple moving average is $13.48. The company has a market capitalization of $510.62 million, a price-to-earnings ratio of 9.33 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The company had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a return on equity of 13.03% and a net margin of 19.50%. Equities research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.0%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Insiders Place Their Bets

In related news, Director Edward Muransky acquired 40,000 shares of Farmers National Banc stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $12.74 per share, for a total transaction of $509,600.00. Following the completion of the transaction, the director owned 196,020 shares of the company’s stock, valued at approximately $2,497,294.80. The trade was a 25.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired 41,672 shares of company stock worth $530,974 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

Large investors have recently modified their holdings of the business. Smithfield Trust Co purchased a new stake in shares of Farmers National Banc during the fourth quarter worth $30,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Farmers National Banc during the fourth quarter worth $37,000. Russell Investments Group Ltd. grew its holdings in shares of Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after buying an additional 3,173 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Farmers National Banc by 220.1% during the fourth quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after buying an additional 3,319 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Company Profile

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.