Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Declines By 8.1%

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 429,200 shares, a drop of 8.1% from the August 15th total of 467,100 shares. Based on an average daily volume of 90,800 shares, the days-to-cover ratio is presently 4.7 days.

Wall Street Analyst Weigh In

Separately, Raymond James cut their price objective on shares of Farmers National Banc from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, August 1st.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Gregory C. Bestic purchased 4,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of $14.20 per share, with a total value of $56,800.00. Following the transaction, the director now owns 70,000 shares in the company, valued at approximately $994,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders acquired 5,710 shares of company stock valued at $81,037. 8.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Farmers National Banc

A number of hedge funds have recently made changes to their positions in FMNB. Northern Trust Corp raised its stake in shares of Farmers National Banc by 14.0% during the 4th quarter. Northern Trust Corp now owns 271,990 shares of the bank’s stock worth $5,045,000 after purchasing an additional 33,469 shares during the period. First Trust Advisors LP raised its stake in Farmers National Banc by 28.2% in the 4th quarter. First Trust Advisors LP now owns 15,698 shares of the bank’s stock valued at $291,000 after acquiring an additional 3,450 shares during the period. Dimensional Fund Advisors LP raised its stake in Farmers National Banc by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 908,849 shares of the bank’s stock valued at $16,859,000 after acquiring an additional 5,408 shares during the period. BNP Paribas Arbitrage SA raised its stake in Farmers National Banc by 93.9% in the 4th quarter. BNP Paribas Arbitrage SA now owns 13,510 shares of the bank’s stock valued at $251,000 after acquiring an additional 6,543 shares during the period. Finally, HighTower Advisors LLC raised its stake in Farmers National Banc by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 89,096 shares of the bank’s stock valued at $1,650,000 after acquiring an additional 693 shares during the period. 40.28% of the stock is currently owned by institutional investors.

Farmers National Banc Price Performance

FMNB opened at $14.17 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $482.67 million, a price-to-earnings ratio of 8.39 and a beta of 0.82. The firm’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $15.39. Farmers National Banc has a 1 year low of $13.68 and a 1 year high of $20.00.

Farmers National Banc (NASDAQ:FMNBGet Rating) last released its earnings results on Wednesday, July 27th. The bank reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $41.19 million for the quarter, compared to analysts’ expectations of $41.65 million. Farmers National Banc had a return on equity of 16.96% and a net margin of 30.87%. As a group, analysts anticipate that Farmers National Banc will post 1.88 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, September 8th. Farmers National Banc’s payout ratio is 38.10%.

About Farmers National Banc

(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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