Farmers National Banc Corp (FMNB) Director Purchases $39,870.00 in Stock

Farmers National Banc Corp (NASDAQ:FMNB) Director Edward Muransky purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $13.29 per share, for a total transaction of $39,870.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at $269,069.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Edward Muransky also recently made the following trade(s):

  • On Wednesday, August 29th, Edward Muransky purchased 4,000 shares of Farmers National Banc stock. The shares were acquired at an average price of $15.86 per share, for a total transaction of $63,440.00.
  • On Wednesday, August 1st, Edward Muransky purchased 234 shares of Farmers National Banc stock. The shares were acquired at an average price of $16.00 per share, for a total transaction of $3,744.00.

NASDAQ:FMNB opened at $13.17 on Wednesday. Farmers National Banc Corp has a 52-week low of $12.80 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $366.24 million, a price-to-earnings ratio of 14.63 and a beta of 0.42.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Farmers National Banc had a return on equity of 12.68% and a net margin of 25.71%. The firm had revenue of $26.40 million for the quarter, compared to the consensus estimate of $26.80 million. On average, analysts expect that Farmers National Banc Corp will post 1.14 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new position in Farmers National Banc during the 2nd quarter worth $353,000. Acadian Asset Management LLC lifted its holdings in Farmers National Banc by 245.8% during the 2nd quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock worth $354,000 after buying an additional 15,737 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Farmers National Banc during the 2nd quarter worth $384,000. Van Hulzen Asset Management LLC lifted its holdings in Farmers National Banc by 23.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock worth $387,000 after buying an additional 4,590 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Farmers National Banc by 8.7% during the 1st quarter. Wells Fargo & Company MN now owns 43,225 shares of the bank’s stock worth $599,000 after buying an additional 3,442 shares in the last quarter. 35.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on FMNB. Raymond James decreased their price target on Farmers National Banc from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Zacks Investment Research lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Finally, ValuEngine downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.00.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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