Stifel Financial Corp Has $619,000 Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Stifel Financial Corp trimmed its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,910 shares of the bank’s stock after selling 6,500 shares during the quarter. Stifel Financial Corp owned about 0.11% of Farmers National Banc worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FMNB. Connor Clark & Lunn Investment Management Ltd. lifted its position in Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after acquiring an additional 40,367 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Farmers National Banc in the third quarter worth about $311,000. Farmers Trust Co. lifted its position in shares of Farmers National Banc by 5.0% during the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after purchasing an additional 19,778 shares during the last quarter. SG Americas Securities LLC bought a new stake in Farmers National Banc during the 3rd quarter valued at approximately $214,000. Finally, Bank of New York Mellon Corp boosted its stake in 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 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 Price Performance

Shares of Farmers National Banc stock opened at $14.30 on Thursday. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The firm’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $14.42. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $537.51 million, a price-to-earnings ratio of 11.63 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last released its 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). The firm had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. On average, equities analysts predict that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FMNB shares. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler reiterated a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st.

Farmers National Banc Company 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.