Farmers National Banc Corp. (NASDAQ:FMNB) Sees Significant Decrease in Short Interest

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 240,700 shares, a decline 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.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently modified their holdings of FMNB. BNP Paribas Financial Markets grew its stake in Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares in the last quarter. FMR LLC boosted its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the period. Cubist Systematic Strategies LLC grew its position in Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares in the last quarter. Inspire Investing LLC increased its stake in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after buying an additional 2,241 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FMNB. Piper Sandler reiterated a “neutral” rating and issued a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st. StockNews.com cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th.

Farmers National Banc Price Performance

NASDAQ:FMNB traded down $0.20 during mid-day trading on Tuesday, reaching $15.37. 30,092 shares of the stock were exchanged, compared to its average volume of 92,731. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $577.73 million, a PE ratio of 12.46 and a beta of 0.86. The business has a fifty day moving average price of $15.07 and a 200 day moving average price of $14.32.

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

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. 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 (DPR) is presently 55.28%.

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.