Farmers National Banc Corp. (NASDAQ:FMNB) Director Neil J. Kaback Purchases 1,000 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) Director Neil J. Kaback bought 1,000 shares of Farmers National Banc stock in a transaction on Saturday, July 9th. The shares were purchased at an average cost of $14.24 per share, with a total value of $14,240.00. Following the completion of the purchase, the director now directly owns 22,597 shares in the company, valued at $321,781.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Farmers National Banc Stock Up 1.1 %

FMNB stock opened at $14.35 on Tuesday. Farmers National Banc Corp. has a 52 week low of $13.95 and a 52 week high of $20.00. The company has a market capitalization of $488.01 million, a price-to-earnings ratio of 8.54 and a beta of 0.84. The firm’s 50-day moving average is $15.08 and its two-hundred day moving average is $16.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNBGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The bank reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Farmers National Banc had a net margin of 30.87% and a return on equity of 16.01%. On average, analysts forecast that Farmers National Banc Corp. will post 1.99 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 10th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.46%. Farmers National Banc’s dividend payout ratio (DPR) is 38.10%.

Institutional Trading of Farmers National Banc

A number of hedge funds and other institutional investors have recently made changes to their positions in FMNB. Farmers Trust Co. raised its holdings in shares of Farmers National Banc by 84.0% in the 1st quarter. Farmers Trust Co. now owns 470,603 shares of the bank’s stock worth $8,028,000 after purchasing an additional 214,851 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Farmers National Banc by 8.1% in the 1st quarter. BlackRock Inc. now owns 2,170,434 shares of the bank’s stock worth $37,027,000 after purchasing an additional 162,721 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its holdings in shares of Farmers National Banc by 125.4% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 188,026 shares of the bank’s stock worth $3,488,000 after purchasing an additional 104,604 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Farmers National Banc by 539.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 77,236 shares of the bank’s stock worth $1,159,000 after purchasing an additional 65,160 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Farmers National Banc by 15.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 400,557 shares of the bank’s stock worth $6,834,000 after purchasing an additional 53,860 shares in the last quarter. 38.56% of the stock is currently owned by institutional investors.

About Farmers National Banc

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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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