Edward Muransky Buys 40,000 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Edward Muransky acquired 40,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $12.74 per share, with a total value of $509,600.00. Following the completion of the purchase, the director owned 196,020 shares in the company, valued at approximately $2,497,294.80. This represents a 25.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Farmers National Banc Trading Down 1.8%

NASDAQ:FMNB opened at $12.84 on Friday. The stock has a market cap of $483.43 million, a PE ratio of 8.86 and a beta of 0.85. Farmers National Banc Corp. has a fifty-two week low of $11.58 and a fifty-two week high of $15.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s 50-day moving average is $13.34 and its two-hundred day moving average is $13.80.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results 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 company had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. As a group, equities research analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, February 13th. Farmers National Banc’s payout ratio is currently 46.90%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler reduced their price objective on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Finally, Wall Street Zen cut Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co acquired a new stake in shares of Farmers National Banc in the fourth quarter worth about $30,000. Godfrey Financial Associates Inc. bought a new position in shares of Farmers National Banc in the 4th quarter valued at approximately $37,000. Russell Investments Group Ltd. raised its stake in shares of Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after acquiring an additional 3,173 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Farmers National Banc by 220.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after purchasing an additional 3,319 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

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.