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

Inspire Investing LLC raised its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,564 shares of the bank’s stock after purchasing an additional 1,625 shares during the quarter. Inspire Investing LLC owned approximately 0.08% of Farmers National Banc worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in shares of Farmers National Banc during the fourth quarter valued at about $89,000. BNP Paribas Financial Markets grew its holdings in shares of Farmers National Banc by 74.8% during the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock worth $242,000 after acquiring an additional 7,761 shares during the period. EntryPoint Capital LLC bought a new position in shares of Farmers National Banc in the 1st quarter worth approximately $73,000. PEAK6 Investments LLC purchased a new position in shares of Farmers National Banc in the 1st quarter valued at approximately $248,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc during the first quarter valued at approximately $140,000. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Trading Down 4.8 %

Farmers National Banc stock opened at $15.01 on Friday. Farmers National Banc Corp. has a 12 month low of $10.38 and a 12 month high of $16.32. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $14.81 and its two-hundred day simple moving average is $13.27. The company has a market capitalization of $563.63 million, a price-to-earnings ratio of 10.35 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $66.45 million for the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. As a group, equities analysts predict that Farmers National Banc Corp. will post 1.37 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.53%. Farmers National Banc’s payout ratio is currently 46.90%.

Insider Activity at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the sale, the executive vice president now owns 27,116 shares in the company, valued at $430,602.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FMNB has been the subject of several recent research reports. Raymond James raised their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 price objective (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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.67.

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.