Ralph D. Macali Buys 825 Shares of Farmers National Banc Corp. (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali bought 825 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $12.24 per share, with a total value of $10,098.00. Following the transaction, the director now owns 29,718 shares in the company, valued at approximately $363,748.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $12.08 on Thursday. The stock has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $13.09. Farmers National Banc Corp. has a 1 year low of $10.38 and a 1 year high of $14.75. The firm has a market cap of $453.60 million, a P/E ratio of 8.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $40.04 million during the quarter, compared to the consensus estimate of $42.46 million. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. Research analysts forecast that Farmers National Banc Corp. will post 1.32 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 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 5.63%. The ex-dividend date is Friday, June 14th. Farmers National Banc’s payout ratio is 46.90%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on Farmers National Banc in a report on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Farmers National Banc by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,014,145 shares of the bank’s stock valued at $23,284,000 after acquiring an additional 17,881 shares during the last quarter. Farmers Trust Co. lifted its holdings in shares of Farmers National Banc by 34.4% during the fourth quarter. Farmers Trust Co. now owns 552,346 shares of the bank’s stock valued at $7,981,000 after purchasing an additional 141,234 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its holdings in shares of Farmers National Banc by 3.7% during the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 220,225 shares of the bank’s stock valued at $3,182,000 after purchasing an additional 7,959 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. boosted its position in shares of Farmers National Banc by 36.4% in the 4th quarter. Rosenthal Henry Capital Advisors Inc. now owns 143,869 shares of the bank’s stock valued at $2,079,000 after purchasing an additional 38,369 shares during the period. Finally, Brandywine Global Investment Management LLC increased its stake in Farmers National Banc by 13.6% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 111,472 shares of the bank’s stock worth $1,289,000 after purchasing an additional 13,352 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.