Farmers National Banc Corp. (NASDAQ:FMNB) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 846,454 shares of the bank’s stock after purchasing an additional 44,349 shares during the period. Geode Capital Management LLC owned 2.25% of Farmers National Banc worth $12,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares in the last quarter. BNP Paribas Financial Markets lifted its position in 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 last quarter. Virtus Investment Advisers Inc. purchased a new stake in Farmers National Banc in the third quarter valued at $148,000. PEAK6 Investments LLC purchased a new stake in Farmers National Banc in the third quarter valued at $157,000. Finally, Cubist Systematic Strategies LLC lifted its position in Farmers National Banc by 8.1% in the second 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 last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $14.09 on Tuesday. The company has a 50-day simple moving average of $14.98 and a 200-day simple moving average of $14.48. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. 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 stock has a market capitalization of $529.61 million, a price-to-earnings ratio of 11.46 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results 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 business had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. On average, analysts predict that Farmers National Banc Corp. will post 1.23 EPS for the current year.

Farmers National Banc Dividend Announcement

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 issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.83%. Farmers National Banc’s payout ratio is 55.28%.

Wall Street Analysts Forecast Growth

FMNB has been the subject of a number of research reports. Piper Sandler reissued a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

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.