Fmr LLC Increases Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Fmr LLC increased its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 67.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,068 shares of the bank’s stock after purchasing an additional 835 shares during the quarter. Fmr LLC’s holdings in Farmers National Banc were worth $31,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Farmers National Banc by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock valued at $2,834,000 after acquiring an additional 12,160 shares during the last quarter. American Century Companies Inc. grew its holdings in Farmers National Banc by 2.9% in the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock valued at $3,757,000 after purchasing an additional 8,525 shares during the period. HBK Sorce Advisory LLC increased its position in Farmers National Banc by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after purchasing an additional 2,258 shares during the last quarter. Inspire Investing LLC increased its position in Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FMNB. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler reissued a “neutral” rating and set a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st.

Farmers National Banc Price Performance

FMNB opened at $14.30 on Thursday. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a 50 day moving average of $15.06 and a two-hundred day moving average of $14.42. The company has a market cap of $537.51 million, a P/E ratio of 11.63 and a beta of 0.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million. On average, analysts expect that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.76%. Farmers National Banc’s dividend payout ratio (DPR) is currently 55.28%.

Farmers National Banc Profile

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.