Creative Planning Raises Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Creative Planning lifted its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 46.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,306 shares of the bank’s stock after buying an additional 11,447 shares during the period. Creative Planning owned about 0.10% of Farmers National Banc worth $549,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of Farmers National Banc during the 1st quarter worth approximately $73,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Farmers National Banc during the 1st quarter worth approximately $140,000. Cubist Systematic Strategies LLC raised 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 buying an additional 997 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Farmers National Banc during the 3rd quarter worth approximately $214,000. Finally, Busey Bank purchased a new position in shares of Farmers National Banc during the 2nd quarter worth approximately $224,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc 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 sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $14.11 on Wednesday. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The business’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $13.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $530.20 million, a PE ratio of 11.47 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The business had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 12.22%. On average, analysts forecast that Farmers National Banc Corp. will post 1.24 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FMNB shares. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Raymond James increased their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and an average target price 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.