Farmers National Banc Corp director Gina Richardson buys $32,092 in stock

Gina A. Richardson, a director at Farmers National Banc Corp (NASDAQ:FMNB), recently purchased 2,334 shares of the company’s common stock. The transaction, which took place on March 5, 2025, was executed at a price of $13.75 per share, amounting to a total investment of $32,092. The purchase price aligns closely with InvestingPro’s Fair Value assessment, with analysts setting price targets between $15-17. Following this acquisition, Richardson’s total holdings in the company increased to 9,896 shares. The transaction was made directly, as indicated in the filing with the Securities and Exchange Commission. The $513.8M market cap company trades at a P/E of 11.2x and offers a 5% dividend yield, having maintained dividend payments for 32 consecutive years. InvestingPro subscribers can access additional insights, including 5 more exclusive ProTips about FMNB’s financial health and growth prospects.

In other recent news, Farmers National Banc Corp has announced a quarterly cash dividend of $0.17 per share, which will be available to shareholders on record as of March 14, 2025, with disbursement scheduled for March 31, 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders. In a separate development, Timothy F. Shaffer, the company’s Senior Executive Vice President, Chief Banking Officer, and Chief Credit Officer, is set to retire on April 16, 2025. The company has begun a search for his successor as part of its strategic succession planning. This executive transition is expected to proceed smoothly without disrupting the company’s operations. Farmers National Banc Corp has not yet disclosed any potential candidates for the soon-to-be-vacant positions. These updates were made available through press releases filed with the Securities and Exchange Commission.

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