Farmers National Banc Corp. (NASDAQ:FMNB) Stock Position Increased by Farmers Trust Co.

Farmers Trust Co. grew its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 440,742 shares of the bank’s stock after buying an additional 24,222 shares during the quarter. Farmers National Banc accounts for approximately 1.2% of Farmers Trust Co.’s portfolio, making the stock its 23rd biggest position. Farmers Trust Co.’s holdings in Farmers National Banc were worth $6,267,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted 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 worth $2,834,000 after acquiring an additional 12,160 shares in the last quarter. American Century Companies Inc. grew its stake 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 in the last quarter. HBK Sorce Advisory LLC increased its holdings in Farmers National Banc by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after buying 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 buying an additional 1,625 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Farmers National Banc by 8.1% during the 2nd 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. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB traded down $0.01 during mid-day trading on Wednesday, hitting $13.37. The company had a trading volume of 38,551 shares, compared to its average volume of 95,425. The business’s 50-day simple moving average is $14.96 and its 200-day simple moving average is $14.56. The firm has a market cap of $502.55 million, a P/E ratio of 10.87 and a beta of 0.86. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month 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.

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

Farmers National Banc Dividend Announcement

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

Wall Street Analysts Forecast Growth

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