In a recent transaction, Mark J. Wenick, SEVP and Chief Wealth Manager at Farmers National Banc Corp (NASDAQ:FMNB), sold 2,000 shares of the company's common stock. The sale took place on July 30, 2024, at an average price of $15.88 per share, resulting in a total transaction value of $31,760.
Following the transaction, Wenick's direct holdings in the company's stock amounted to 27,116 shares. The sale was executed in a single transaction, and the details of the trade have been made public through a Form 4 filing with the Securities and Exchange Commission (SEC).
Farmers National Banc Corp, based in Canfield, Ohio, operates as a state commercial bank and has a significant presence in the region. The stock sale by a high-ranking executive is a standard disclosure, and investors often monitor such transactions for insights into executive sentiment about the company's prospects.
Investors and market watchers can access the full details of Wenick's stock sale through the SEC's database, where Form 4 filings are available for public review. The transaction has been completed in accordance with the applicable securities laws, and the reported information provides transparency concerning executive stock transactions at Farmers National Banc Corp.
In other recent news, Farmers National Banc Corp. announced a quarterly cash dividend of $0.17 per share, demonstrating the company's continued commitment to shareholder value. This decision was made by the company's Board of Directors, with the dividend recorded and expected to be paid out in June. The banking assets of Farmers National Banc Corp. were reported to be $5.1 billion, with wealth management assets valued at $3.8 billion.
The company operates The Farmers National Bank of Canfield and Farmers Trust Company, among other subsidiaries, providing a variety of commercial, retail, and wealth management services. Farmers National Banc Corp. also owns Farmers National Insurance, LLC, which offers an assortment of insurance products. These recent developments reflect the company's ongoing financial practices, aimed at distributing a portion of its earnings back to its investors.
InvestingPro Insights
In light of the recent stock sale by Mark J. Wenick of Farmers National Banc Corp (NASDAQ:FMNB), current and potential investors may find the following InvestingPro Insights particularly relevant. The company, with a market capitalization of $585.04 million, has demonstrated strong performance metrics that could be indicative of its financial health and future prospects.
InvestingPro Data highlights include a Price-to-Earnings (P/E) ratio of 11.3, suggesting that FMNB's shares might be reasonably valued compared to the earnings it generates. Additionally, the company has shown a solid revenue growth of 5.82% over the last twelve months as of Q2 2024, which could be a sign of operational efficiency and market demand for its services.
From a shareholder's perspective, the Dividend Yield stands at an attractive 4.38%, as of the last dividend date in 2024. This is particularly noteworthy as FMNB has raised its dividend for 8 consecutive years, and has maintained dividend payments for 31 consecutive years, according to InvestingPro Tips. This consistent return to shareholders may be appealing for those looking for steady income streams.
InvestingPro Tips also reveal that analysts are optimistic about FMNB's performance, with 2 analysts having revised their earnings upwards for the upcoming period. This could indicate a positive outlook on the company's financial future and profitability, which is further supported by the prediction that FMNB will be profitable this year.
For investors seeking more in-depth analysis and additional InvestingPro Tips, they can explore the full range of insights available on https://www.investing.com/pro/FMNB. There are more tips listed that could further guide investment decisions.
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