Farmers National Banc Corp (FMNB) SVP Purchases $10,338.69 in Stock

Farmers National Banc Corp (NASDAQ:FMNB) SVP Joseph A. Gerzina acquired 753 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $13.73 per share, for a total transaction of $10,338.69. Following the acquisition, the senior vice president now owns 24,609 shares of the company’s stock, valued at approximately $337,881.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Farmers National Banc Corp (NASDAQ:FMNB) traded up $0.95 during trading hours on Friday, reaching $13.75. 13,073 shares of the company’s stock traded hands, compared to its average volume of 40,213. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Farmers National Banc Corp has a twelve month low of $12.65 and a twelve month high of $15.95. The stock has a market capitalization of $380.11, a P/E ratio of 15.16 and a beta of 0.35.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Farmers National Banc had a net margin of 21.72% and a return on equity of 10.89%. The business had revenue of $25.12 million for the quarter, compared to the consensus estimate of $25.90 million. research analysts expect that Farmers National Banc Corp will post 1.12 EPS for the current year.

A number of research firms recently issued reports on FMNB. Zacks Investment Research downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Farmers National Banc in a report on Friday, December 22nd. Finally, BidaskClub downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

A number of large investors have recently modified their holdings of FMNB. Dimensional Fund Advisors LP increased its holdings in shares of Farmers National Banc by 22.6% during the third quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 75,463 shares in the last quarter. Investment Partners Ltd. OH ADV boosted its position in Farmers National Banc by 67.0% during the 3rd quarter. Investment Partners Ltd. OH ADV now owns 168,081 shares of the bank’s stock valued at $2,530,000 after buying an additional 67,406 shares during the period. State Street Corp boosted its position in Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock valued at $6,638,000 after buying an additional 44,733 shares during the period. Bowling Portfolio Management LLC lifted its position in shares of Farmers National Banc by 30.3% in the 4th quarter. Bowling Portfolio Management LLC now owns 121,977 shares of the bank’s stock worth $1,799,000 after purchasing an additional 28,394 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Farmers National Banc by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 945,068 shares of the bank’s stock worth $13,704,000 after purchasing an additional 25,377 shares during the period. 34.43% of the stock is currently owned by institutional investors and hedge funds.

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About Farmers National Banc

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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