Farmers National Banc (NASDAQ:FMNB) EVP Mark Wenick Sells 5,000 Shares

Key Points

• EVP Mark Wenick sold 5,000 FMNB shares at an average price of $15.97, receiving $79,850; his remaining stake fell 13.51% to 32,020 shares.
• Farmers National Banc reported quarterly EPS of $0.41, beating estimates by $0.07, while revenue of $70.44 million slightly exceeded forecasts.
• FMNB shares traded near $15.84, and the company maintains a quarterly dividend of $0.17 per share, equivalent to a 4.3% yield; analysts’ consensus rating is “Hold” with a $16 price target.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) EVP Mark Wenick sold 5,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the sale, the executive vice president directly owned 32,020 shares of the company's stock, valued at $511,359.40. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Performance

FMNB stock traded down $0.05 during midday trading on Thursday, reaching $15.84. 50,744 shares of the company were exchanged, compared to its average volume of 415,510. Farmers National Banc Corp. has a one year low of $12.12 and a one year high of $16.16. The firm has a market capitalization of $938.22 million, a price-to-earnings ratio of 10.77 and a beta of 0.76. The business has a 50-day moving average price of $14.66 and a two-hundred day moving average price of $13.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. Equities research analysts forecast that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a dividend of $0.17 per share. The ex-dividend date was Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.3%. Farmers National Banc's dividend payout ratio (DPR) is 46.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on FMNB shares. Wall Street Zen downgraded Farmers National Banc from a "buy" rating to a "hold" rating in a research report on Sunday. Weiss Ratings raised Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their price target on Farmers National Banc from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.00.

Institutional Trading of Farmers National Banc

A number of institutional investors have recently modified their holdings of FMNB. Fifth Third Bancorp grew its holdings in shares of Farmers National Banc by 5.3% during the 2nd quarter. Fifth Third Bancorp now owns 20,092 shares of the bank's stock worth $293,000 after purchasing an additional 1,006 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Farmers National Banc in the second quarter valued at about $184,000. Parallel Advisors LLC lifted its position in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank's stock worth $37,000 after purchasing an additional 1,288 shares during the period. Bank of America Corp DE lifted its position in Farmers National Banc by 99.1% during the first quarter. Bank of America Corp DE now owns 105,394 shares of the bank's stock worth $1,387,000 after purchasing an additional 52,450 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Farmers National Banc by 153.8% during the first quarter. Janus Henderson Group PLC now owns 34,987 shares of the bank's stock worth $461,000 after buying an additional 21,200 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

About Farmers National Banc

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.

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