Farmers National Banc Corp. (NASDAQ:FMNB) Stake Lowered by Farmers Trust Co.

Farmers Trust Co. reduced its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNBFree Report) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 397,762 shares of the bank’s stock after selling 154,584 shares during the period. Farmers Trust Co.’s holdings in Farmers National Banc were worth $5,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of Farmers National Banc in the 4th quarter valued at $89,000. Hunter Associates Investment Management LLC lifted its stake in shares of Farmers National Banc by 9.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock valued at $216,000 after purchasing an additional 1,282 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Farmers National Banc by 46.3% in the 4th quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock valued at $243,000 after purchasing an additional 5,320 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Farmers National Banc by 380.4% in the 3rd quarter. Clearstead Advisors LLC now owns 17,810 shares of the bank’s stock valued at $206,000 after purchasing an additional 14,103 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of Farmers National Banc by 14.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,378 shares of the bank’s stock valued at $236,000 after purchasing an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Stock Performance

Farmers National Banc stock remained flat at $12.08 on Thursday. 4,065 shares of the company’s stock were exchanged, compared to its average volume of 93,618. The firm has a market cap of $453.60 million, a PE ratio of 8.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc Corp. has a 52-week low of $10.38 and a 52-week high of $14.75. The company’s fifty day moving average is $12.25 and its two-hundred day moving average is $13.09.

Farmers National Banc (NASDAQ:FMNBGet Free Report) last released its earnings results on Wednesday, April 24th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $40.04 million during the quarter, compared to analyst estimates of $42.46 million. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. Equities analysts anticipate that Farmers National Banc Corp. will post 1.32 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.63%. Farmers National Banc’s payout ratio is 46.90%.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on shares of Farmers National Banc in a research note on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.33.

Get Our Latest Report on Farmers National Banc

Farmers National Banc Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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