Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Decreases By 18.8%

Farmers National Banc Corp. (NASDAQ:FMNB) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 219,200 shares, a decrease of 18.8% from the February 13th total of 270,100 shares. Based on an average trading volume of 86,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.6% of the company’s shares are sold short.

Farmers National Banc Trading Up 1.4 %

Shares of FMNB opened at $13.32 on Thursday. The company has a market capitalization of $501.03 million, a P/E ratio of 10.92 and a beta of 0.86. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50-day moving average price of $13.77 and a 200 day moving average price of $14.49.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Sell-side analysts forecast that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, March 14th. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Insiders Place Their Bets

In other news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gina A. Richardson bought 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $13.75 per share, with a total value of $32,092.50. Following the purchase, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. This represents a 30.86 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Farmers National Banc by 5.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,029 shares of the bank’s stock worth $910,000 after buying an additional 3,048 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Farmers National Banc during the 4th quarter worth approximately $618,000. Two Sigma Investments LP raised its position in shares of Farmers National Banc by 5.7% during the 4th quarter. Two Sigma Investments LP now owns 69,248 shares of the bank’s stock worth $985,000 after purchasing an additional 3,753 shares during the period. Two Sigma Advisers LP raised its position in shares of Farmers National Banc by 16.5% during the 4th quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank’s stock worth $1,233,000 after purchasing an additional 12,300 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Farmers National Banc during the 4th quarter worth approximately $146,000. Institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Piper Sandler lowered their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

About Farmers National Banc

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.