Farmers National Banc Corp. (NASDAQ:FMNB) Shares Bought by Creative Planning

Creative Planning grew its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 46.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,306 shares of the bank’s stock after purchasing an additional 11,447 shares during the quarter. Creative Planning’s holdings in Farmers National Banc were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc during the first quarter worth about $73,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Farmers National Banc during the first quarter worth about $140,000. Cubist Systematic Strategies LLC lifted its stake in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after acquiring an additional 997 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Farmers National Banc in the third quarter worth about $214,000. Finally, Busey Bank acquired a new position in shares of Farmers National Banc in the second quarter worth about $224,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FMNB shares. Raymond James boosted their price target on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.67.

Insider Buying and Selling at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by insiders.

Farmers National Banc Trading Up 2.3 %

Shares of NASDAQ FMNB opened at $14.11 on Wednesday. The stock’s 50 day moving average price is $14.75 and its two-hundred day moving average price is $13.67. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The stock has a market capitalization of $530.20 million, a P/E ratio of 11.47 and a beta of 0.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 12.22%. The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. On average, analysts anticipate that Farmers National Banc Corp. will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s payout ratio is currently 55.28%.

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.