Barclays PLC Boosts Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Barclays PLC increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 330.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,930 shares of the bank’s stock after acquiring an additional 42,951 shares during the quarter. Barclays PLC owned approximately 0.15% of Farmers National Banc worth $845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after acquiring an additional 835 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new stake in Farmers National Banc in the 3rd quarter worth $148,000. PEAK6 Investments LLC purchased a new stake in Farmers National Banc in the 3rd quarter worth $157,000. Finally, Cubist Systematic Strategies LLC increased its holdings 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 acquiring an additional 997 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Up 1.5 %

Shares of FMNB opened at $13.41 on Thursday. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $14.88 and its two-hundred day moving average is $14.60. The stock has a market cap of $504.06 million, a PE ratio of 10.90 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 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 business had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Research analysts forecast that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.07%. Farmers National Banc’s payout ratio is 55.28%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FMNB. 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 raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

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.