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

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 240,700 shares, a decrease of 5.7% from the November 15th total of 255,300 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is currently 2.9 days.

Farmers National Banc Trading Down 1.2 %

FMNB traded down $0.18 during trading on Tuesday, hitting $15.39. 5,018 shares of the stock traded hands, compared to its average volume of 92,631. The firm has a 50-day moving average of $15.07 and a 200 day moving average of $14.32. Farmers National Banc has a 12-month low of $11.55 and a 12-month 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. The firm has a market capitalization of $578.48 million, a P/E ratio of 12.66 and a beta of 0.86.

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

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.42%. Farmers National Banc’s dividend payout ratio is presently 55.28%.

Institutional Trading of Farmers National Banc

A number of large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its holdings in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after buying an additional 997 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Farmers National Banc in the first quarter worth $140,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after acquiring an additional 40,367 shares during the last quarter. Creative Planning increased its position in Farmers National Banc by 46.0% during the third quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after acquiring an additional 11,447 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after acquiring an additional 1,625 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. Piper Sandler reissued a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a report on Thursday, November 21st.

Farmers National Banc Company Profile

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.