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Farmers National Banc Corp (NASDAQ:FMNB), a regional bank with a market capitalization of $517 million, has reported a stock transaction involving Ralph D. Macali, a director of the company. According to a recent SEC filing, Macali sold 14,300 shares of Farmers National Banc Corp common stock at a price of $14 per share on January 31, 2025, slightly above the current trading price of $13.76. The total value of the transaction amounted to $200,200. InvestingPro data shows the company maintains an attractive 4.94% dividend yield and has maintained dividend payments for 31 consecutive years.
Following this sale, Macali directly owns 48,983 shares of the company. Additionally, he holds 23,735 shares indirectly as a trustee for the RMS Trust, 41,185 shares through the PMRP Partnership, and 1,057 shares by his spouse. Trading at a P/E ratio of 11.47, InvestingPro analysis indicates the stock is currently fairly valued, with additional ProTips available for subscribers.
In other recent news, Farmers National Banc Corp., an Ohio-based financial services firm, declared a quarterly cash dividend of $0.17 per share. This dividend is set for payment on December 31, 2024, to shareholders on record as of December 13, 2024. The company maintains a robust financial position, with $5.2 billion in banking assets and wealth management assets under care reported at $4.0 billion as of September 30, 2024. Additionally, the firm operates through The Farmers National Bank of Canfield and Farmers Trust Company, serving various counties in Ohio and Pennsylvania. This dividend declaration is a continuation of Farmers National Banc Corp.’s practice of returning value to its shareholders. These are the recent developments regarding the company.
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