Farmers National Banc Corp. (NASDAQ:FMNB) Shares Acquired by Farmers Trust Co.

Farmers Trust Co. boosted its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,742 shares of the bank’s stock after purchasing an additional 24,222 shares during the period. Farmers National Banc comprises 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 23rd biggest position. Farmers Trust Co. owned approximately 1.17% of Farmers National Banc worth $6,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the last quarter. FMR LLC boosted its stake in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the last quarter. Barclays PLC increased its position in Farmers National Banc by 330.9% during the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank’s stock worth $845,000 after purchasing an additional 42,951 shares in the last quarter. State Street Corp raised its stake in Farmers National Banc by 3.5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after purchasing an additional 28,499 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Farmers National Banc by 5.5% during the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after buying an additional 44,349 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Stock Down 0.1 %

FMNB traded down $0.01 during trading on Wednesday, hitting $13.37. The company had a trading volume of 38,551 shares, compared to its average volume of 95,425. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $502.55 million, a PE ratio of 10.87 and a beta of 0.86. The business has a 50-day moving average of $14.96 and a 200-day moving average of $14.56.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. As a group, analysts forecast that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.09%. The ex-dividend date was Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

Wall Street Analysts Forecast Growth

FMNB has been the subject of several recent analyst reports. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st.

About Farmers National Banc

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.