Lance J. Ciroli Buys 2,000 Shares of Farmers National Banc Corp (NASDAQ:FMNB) Stock

Farmers National Banc Corp (NASDAQ:FMNB) Director Lance J. Ciroli acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average cost of $11.09 per share, for a total transaction of $22,180.00. Following the purchase, the director now directly owns 48,372 shares in the company, valued at $536,445.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Farmers National Banc stock opened at $11.31 on Wednesday. The company’s fifty day moving average price is $14.66 and its 200 day moving average price is $15.12. Farmers National Banc Corp has a 1 year low of $10.32 and a 1 year high of $16.50. The stock has a market capitalization of $307.52 million, a P/E ratio of 8.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Farmers National Banc had a net margin of 27.38% and a return on equity of 12.49%. The firm had revenue of $28.81 million for the quarter, compared to analysts’ expectations of $28.25 million. Sell-side analysts predict that Farmers National Banc Corp will post 1.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.44 dividend on an annualized basis and a yield of 3.89%. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.10. Farmers National Banc’s dividend payout ratio (DPR) is currently 34.11%.

A number of institutional investors have recently added to or reduced their stakes in FMNB. Bank of New York Mellon Corp grew its stake in Farmers National Banc by 39.3% in the 4th quarter. Bank of New York Mellon Corp now owns 177,742 shares of the bank’s stock valued at $2,900,000 after acquiring an additional 50,183 shares during the period. State Street Corp boosted its stake in Farmers National Banc by 7.1% during the 4th quarter. State Street Corp now owns 555,121 shares of the bank’s stock worth $9,060,000 after purchasing an additional 36,988 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Farmers National Banc by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 316,600 shares of the bank’s stock worth $5,167,000 after purchasing an additional 33,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Farmers National Banc by 51.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 91,338 shares of the bank’s stock worth $1,490,000 after purchasing an additional 31,011 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Farmers National Banc by 35.8% during the 4th quarter. Acadian Asset Management LLC now owns 111,808 shares of the bank’s stock worth $1,823,000 after purchasing an additional 29,490 shares during the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

FMNB has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. BidaskClub cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, ValuEngine raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.50.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.

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