State Street Corp Increases Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

State Street Corp boosted its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 849,499 shares of the bank’s stock after buying an additional 28,499 shares during the period. State Street Corp owned approximately 2.26% of Farmers National Banc worth $12,844,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FMNB. BNP Paribas Financial Markets raised its stake in shares of Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares during the period. FMR LLC grew its holdings in Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. Inspire Investing LLC raised its position in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Farmers National Banc by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after purchasing an additional 2,241 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FMNB has been the topic of several recent analyst reports. Piper Sandler reiterated 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 upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Farmers National Banc Stock Down 0.1 %

Shares of NASDAQ FMNB opened at $14.30 on Thursday. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The firm has a market capitalization of $537.51 million, a price-to-earnings ratio of 11.63 and a beta of 0.86. The stock has a 50 day moving average price of $15.06 and a 200 day moving average price of $14.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million. Sell-side analysts expect that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

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.