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Joseph W. Sabat, Vice President and Chief Accounting Officer at Farmers National Banc Corp. (NASDAQ:FMNB), recently reported a transaction involving the purchase of company stock. On January 2, 2025, Sabat acquired 88 shares of Farmers National Banc Corp. common stock at a price of $14.26 per share, amounting to a total transaction value of $1,254. This acquisition was made under the terms of the Farmers National Banc Corp. Share Ownership Plan. The regional bank, currently valued at $493.5M, trades at a P/E ratio of 10.65 and offers a notable dividend yield of 5.18%. According to InvestingPro, the company has maintained dividend payments for 32 consecutive years.
In addition to the purchase, Sabat also disposed of 967 shares on April 1, 2025, at a price of $13.16 per share. This sale was not part of an equity swap and resulted in a total transaction value of $12,725. Following these transactions, Sabat holds a total of 29,931.4047 shares in the company. Based on InvestingPro’s Fair Value analysis, FMNB currently appears fairly valued. Unlock comprehensive insider trading patterns and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Farmers National Banc Corp has announced a quarterly cash dividend of $0.17 per share, confirmed by the company’s Board of Directors. Shareholders on record as of March 14, 2025, will receive this dividend on March 31, 2025. This move reflects the company’s ongoing practice of returning value to its shareholders, underlining its financial performance. Additionally, the company has disclosed the upcoming retirement of Timothy F. Shaffer, who serves as Senior Executive Vice President, Chief Banking Officer, and Chief Credit Officer. Shaffer is set to retire on April 16, 2025, as part of the company’s succession planning. Farmers National Banc Corp has started an executive search to find a successor for the Chief Credit Officer role. The announcement of Shaffer’s retirement was made via a press release filed with the Securities and Exchange Commission. The company has not yet commented on potential candidates for the position or the strategic direction following Shaffer’s departure.
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