Farmers National Banc Corp. (NASDAQ:FMNB) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 67.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,068 shares of the bank’s stock after buying an additional 835 shares during the quarter. Fmr LLC’s holdings in Farmers National Banc were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position 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 purchasing an additional 12,160 shares in the last quarter. American Century Companies Inc. boosted its holdings in 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 buying an additional 8,525 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Farmers National Banc by 4.8% during 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 period. Inspire Investing LLC increased its holdings in Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position 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 valued at $165,000 after acquiring an additional 997 shares during the period. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Thursday, December 19th. Piper Sandler restated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $14.30 on Thursday. 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’s fifty day moving average price is $15.06 and its two-hundred day moving average price is $14.42. The stock has a market cap of $537.51 million, a PE ratio of 11.63 and a beta of 0.86. 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 posted 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). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Friday, December 13th. Farmers National Banc’s dividend payout ratio is presently 55.28%.

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.