Intellus Advisors LLC Takes Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Intellus Advisors LLC purchased a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,496 shares of the bank’s stock, valued at approximately $163,000.

A number of other institutional investors also recently added to or reduced their stakes in FMNB. FMR LLC boosted its stake in shares of Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after purchasing an additional 835 shares in the last quarter. R Squared Ltd acquired a new position in Farmers National Banc in the fourth quarter valued at about $31,000. Matrix Trust Co grew its stake in Farmers National Banc by 606.0% during the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after buying an additional 5,733 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after buying an additional 829 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in shares of Farmers National Banc by 1,998.9% in the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock valued at $134,000 after acquiring an additional 8,975 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FMNB. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler lowered their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.

Insider Activity

In other Farmers National Banc news, Director Gina A. Richardson acquired 2,334 shares of Farmers National Banc stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $13.75 per share, with a total value of $32,092.50. Following the completion of the purchase, the director now owns 9,896 shares in the company, valued at $136,070. The trade was a 30.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Farmers National Banc Stock Performance

FMNB stock opened at $12.95 on Friday. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $14.45. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week 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 stock has a market capitalization of $487.11 million, a PE ratio of 10.61 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.25%. Farmers National Banc’s payout ratio is presently 55.74%.

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.