Gina Richardson Purchases 1,430 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Key Points

• Director Gina Richardson bought 1,430 FMNB shares at an average price of $15.35, investing approximately $21,951 and increasing her ownership by 8.13% to 19,026 shares.
• Farmers National Banc reported quarterly EPS of $0.41, beating estimates by $0.07, while revenue reached $70.44 million. The stock traded near $15.31, with a market capitalization of about $907 million.
• The company raised its quarterly dividend to $0.18 per share, representing an annualized dividend of $0.72 and a yield of approximately 4.7%; analysts maintain a consensus “Hold” rating with a $16 price target.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) Director Gina Richardson acquired 1,430 shares of the firm's stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of $15.35 per share, with a total value of $21,950.50. Following the purchase, the director owned 19,026 shares of the company's stock, valued at $292,049.10. The trade was a 8.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Farmers National Banc Trading Up 0.0%

Shares of NASDAQ FMNB traded up $0.01 during midday trading on Tuesday, hitting $15.31. The company's stock had a trading volume of 116,447 shares, compared to its average volume of 410,829. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $15.62 and its two-hundred day moving average is $14.45. Farmers National Banc Corp. has a 12-month low of $12.12 and a 12-month high of $16.46. The firm has a market cap of $907.38 million, a P/E ratio of 10.42 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%.The company had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. As a group, equities research analysts expect that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.72 dividend on an annualized basis and a yield of 4.7%. This is an increase from Farmers National Banc's previous quarterly dividend of $0.17. Farmers National Banc's payout ratio is currently 48.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FMNB. Empowered Funds LLC acquired a new stake in shares of Farmers National Banc in the 2nd quarter worth $3,354,000. WINTON GROUP Ltd acquired a new position in Farmers National Banc during the 2nd quarter valued at about $1,121,000. BlackRock Inc. raised its stake in Farmers National Banc by 13.5% in the second quarter. BlackRock Inc. now owns 4,798,011 shares of the bank's stock valued at $70,051,000 after buying an additional 569,057 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Farmers National Banc in the second quarter valued at about $1,144,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Farmers National Banc in the second quarter worth about $6,827,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMNB has been the topic of several research analyst reports. Weiss Ratings raised Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Farmers National Banc from a "hold" rating to a "buy" rating in a report on Sunday, August 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.00.

Farmers National Banc Company Profile

Farmers National Banc Corp. NASDAQ: FMNB is a bank holding company headquartered in Canfield, Ohio. The company traces its roots to 1887 and operates primarily through Farmers National Bank, a community banking institution serving businesses, individuals and organizations in northeastern Ohio and western Pennsylvania.

Farmers National Bank provides deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services.

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