Farmers National Banc Corp. (NASDAQ:FMNB) Director Gregory C. Bestic Buys 4,903 Shares

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) Director Gregory C. Bestic bought 4,903 shares of Farmers National Banc stock in a transaction dated Monday, May 16th. The stock was purchased at an average price of $14.78 per share, with a total value of $72,466.34. Following the purchase, the director now directly owns 66,000 shares in the company, valued at approximately $975,480. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ:FMNB opened at $15.20 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $17.49. Farmers National Banc Corp. has a twelve month low of $14.51 and a twelve month high of $20.00. The company has a market capitalization of $516.95 million, a P/E ratio of 8.64 and a beta of 0.94.

Farmers National Banc (NASDAQ:FMNBGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Farmers National Banc had a net margin of 31.61% and a return on equity of 16.27%. On average, equities research analysts predict that Farmers National Banc Corp. will post 1.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 11th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.21%. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 10th. Farmers National Banc’s payout ratio is presently 36.36%.

A number of institutional investors have recently added to or reduced their stakes in FMNB. Wells Fargo & Company MN lifted its position in Farmers National Banc by 10.3% during the second quarter. Wells Fargo & Company MN now owns 16,810 shares of the bank’s stock valued at $261,000 after buying an additional 1,565 shares in the last quarter. SG Americas Securities LLC acquired a new position in Farmers National Banc during the third quarter valued at approximately $266,000. Barclays PLC lifted its position in Farmers National Banc by 33.6% during the third quarter. Barclays PLC now owns 35,303 shares of the bank’s stock valued at $555,000 after buying an additional 8,886 shares in the last quarter. Citigroup Inc. lifted its position in Farmers National Banc by 29.9% during the third quarter. Citigroup Inc. now owns 2,902 shares of the bank’s stock valued at $46,000 after buying an additional 668 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Farmers National Banc by 15.1% during the third quarter. American Century Companies Inc. now owns 66,929 shares of the bank’s stock valued at $1,051,000 after buying an additional 8,798 shares in the last quarter. Hedge funds and other institutional investors own 38.56% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, March 31st. StockNews.com initiated coverage on shares of Farmers National Banc in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James reduced their price objective on shares of Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, February 3rd.

Farmers National Banc Company Profile (Get Rating)

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

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