Edward Muransky, the Director of Farmers National Banc Corp. (NASDAQ:FMNB) recently acquired 30,000 shares in the company’s stock on Friday, April 28th. This transaction was made at an average price of $11.58 per share, making the total value of the transaction worth $347,400.00. Following this acquisition, Mr. Muransky now holds a direct interest of 157,467 shares in the company, with an estimated value of $1,823,467.86.
This announcement was made public by means of a document filed with Securities and Exchange Commission (SEC), available via a hyperlink.
Shares in FMNB were trading at $11.61 on 28th April 2023 and approximately 108,467 shares changed hands on that day; this is less than its average volume of 159,862 shares traded daily. The market capitalization for Farmers National Banc is currently estimated to be $440.14 million with a beta rate of 0.81 and a trailing P/E ratio of 6.32.
The banking corporation has seen some significant changes among its large institutional investors in recent times as well; Alliancebernstein L.P., Great West Life Assurance Co., Cambridge Investment Research Advisors Inc., Allspring Global Investments Holdings LLC and Citigroup Inc have all made substantial changes to their holdings over the course of last year.
Farmers National Banc has also declared its quarterly dividend which was paid out on Friday March 31st to shareholders who were registered as investors on Friday March 10th; those outside this registration date missed out on a dividend payment that amounted to $0.17 per share.
As at the close of trading hours on April 30th 2023 when these financials were compiled, FMNB had recorded a fifty-day moving average share price valuation at $12.73 whiles it’s two-hundred day moving average was placed at $13.71. The stock’s debt-to-equity ratio is 0.30; whiles both the quick ratio and current ratio are currently posted at 0.67.
Institutional investors and hedge funds own a total of 38.99% of Farmers National Banc’s stock, thereby showcasing strong institutional support for the company despite its recent market setbacks.
Farmers National Banc Q4 2022 Earnings Report: A Mixed Bag for the Banking Sector
Farmers National Banc Reports Q4 2022 Earnings Results
On January 25th, Farmers National Banc (NASDAQ:FMNB) announced its earnings results for the fourth quarter of 2022. While these figures fell short of analysts’ expectations, the bank’s notable successes over the fiscal year highlight its ongoing strength and progress.
The bank reported earnings per share (EPS) of $0.42 for the quarter, missing estimates by $0.03. While this may seem like a disappointing result, Farmers National Banc has still enjoyed an impressive net margin of 26.31% and a return on equity of 21.59%. The firm generated $37.63 million in revenue, compared to Wall Street’s anticipated figure of $41.20 million.
Despite the miss, analysts remain optimistic about Farmers National Banc’s future prospects; they anticipate that the bank will post EPS of around 1.61 for the current fiscal year.
Nonetheless, some research firms have expressed more caution in their evaluations of Farmers National Banc’s performance. StockNews.com, for instance, recently downgraded FMNB from “hold” to “sell” due to concerns about profitability in the face of increased competition from other banks.
In April, Keefe Bruyette & Woods also lowered its price target for FMNB from $15 to $13 while maintaining a “market perform” rating; meanwhile, Janney Montgomery Scott initiated coverage on FMNB with a “neutral” rating and a target price of $14 per share.
These differing opinions reflect both opportunities and challenges within the banking sector as a whole and warn that investors should approach all financial analysis diligently and judiciously before making any decision.
Overall though it can be said that positive developments such as strong returns on equity reflect solid progress towards greater stability and growth – especially through an intense period marked by shifts in demographics, technology advancements as well as changes in regulations for traditional banking institutions. It remains to be seen where the banking sector’s ambivalent standing will go with such diverse experiences and opinions among analysts.
