Charles Schwab Investment Management Inc. Acquires 2,241 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,160 shares of the bank’s stock after buying an additional 2,241 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Farmers National Banc worth $1,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers Trust Co. increased its stake in Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after acquiring an additional 19,778 shares during the last quarter. American Century Companies Inc. grew its stake 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 worth $3,757,000 after acquiring an additional 8,525 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Farmers National Banc by 5.7% in 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. Rosenthal Henry Capital Advisors Inc. boosted its holdings in Farmers National Banc by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after buying an additional 40,367 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $15.57 on Tuesday. The company has a market cap of $585.25 million, a PE ratio of 12.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50-day simple moving average of $15.07 and a 200-day simple moving average of $14.32. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The firm had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million. On average, equities research analysts forecast that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.37%. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Analyst Ratings Changes

FMNB has been the subject of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a report on Thursday, November 21st. StockNews.com downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th.

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.