SG Americas Securities LLC Makes New Investment in Farmers National Banc Corp. (NASDAQ:FMNB)

SG Americas Securities LLC purchased a new position in Farmers National Banc Corp. (NASDAQ:FMNB) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 14,183 shares of the bank’s stock, valued at approximately $214,000.

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

Farmers National Banc Stock Performance

Shares of NASDAQ:FMNB opened at $14.92 on Wednesday. The business’s fifty day moving average price is $14.87 and its two-hundred day moving average price is $13.55. Farmers National Banc Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $16.32. The stock has a market capitalization of $560.25 million, a price-to-earnings ratio of 10.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $66.45 million for the quarter, compared to analysts’ expectations of $42.15 million. As a group, analysts predict that Farmers National Banc Corp. will post 1.36 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Insiders Place Their Bets

In other Farmers National Banc 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 transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. The trade was 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 this hyperlink. In other Farmers National Banc 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 transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. The trade was 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 this hyperlink. Also, EVP Mark J. Wenick sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Finally, Raymond James boosted 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. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus 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.