The director of Farmers National Banc Corp. (NASDAQ: FMNB – Get Rating) Neil J. Kaback acquired 1,000 shares of the company in a transaction dated Saturday, July 9. The shares were acquired at an average price of $14.24 per share, with a total value of $14,240.00. As a result of the purchase, the administrator now owns 22,597 shares of the company, valued at approximately $321,781.28. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website.
National Farmers’ Bank trades up 1.1%
FMNB shares opened at $14.35 on Tuesday. Farmers National Bank Corp. has a 52-week minimum of $13.95 and a 52-week maximum of $20.00. The stock has a market capitalization of $488.01 million, a price-earnings ratio of 8.54 and a beta of 0.84. The company has a debt ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty-day moving average of $15.08 and a 200-day moving average of $16.20.
Farmers National Banc (NASDAQ: FMNB – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The bank reported earnings per share (EPS) of $0.49 for the quarter, meeting analyst consensus estimates of $0.49. Farmers National Banc posted a net margin of 30.87% and a return on equity of 16.01%. On average, equity research analysts expect Farmers National Banc Corp. will show earnings per share of 1.99 for the current fiscal year.
The National Farmers’ Bank announces a dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Friday, June 10 received a dividend of $0.16. This represents an annualized dividend of $0.64 and a dividend yield of 4.46%. The ex-dividend date was Thursday, June 9. The Farmers National Banc payout rate is 38.10%.
Institutional investors weigh on farmers National Bank
Several large investors have recently changed their positions in FMNB. Great West Life Assurance Co. Can increased its holdings in Farmers National Banc by 177.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank worth $28,000 after acquiring 1,022 additional shares in the last quarter. Clearstead Advisors LLC purchased a new stake in Farmers National Banc during Q1 for approximately $63,000. Amalgamated Bank purchased a new stake in Farmers National Banc during Q1 worth approximately $63,000. SG Americas Securities LLC purchased a new stake in Farmers National Banc during Q2 for approximately $182,000. Finally, Assenagon Asset Management SA took a new stake in Farmers National Banc during the first quarter for a value of approximately $206,000. Institutional investors hold 38.56% of the company’s shares.
About the National Farmers Bench
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Farmers National Banc Corp., a financial holding company, operates in banking, trust, pension advisory, insurance and financial management. It offers commercial and retail banking services, including checking, savings and term deposit accounts; commercial, mortgage and installment loans, and home equity loans; home equity lines of credit, night deposit, safety deposit box, money order, bank check, ATM, Internet banking, travel card, electronic bond transaction, MasterCard and Visa credit cards, brokerage and other services.
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