Assenagon Asset Management S.A. Acquires Shares of 39,302 Farmers National Banc Corp. (NASDAQ:FMNB)

Assenagon Asset Management S.A. bought a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,302 shares of the bank’s stock, valued at approximately $559,000. Assenagon Asset Management S.A. owned 0.10% of Farmers National Banc as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. American Century Companies Inc. grew its stake in Farmers National Banc by 2.9% in the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock valued at $3,757,000 after purchasing an additional 8,525 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings 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 buying an additional 997 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Farmers National Banc in the 3rd quarter valued at approximately $214,000. Farmers Trust Co. increased its holdings in Farmers National Banc by 5.0% in the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after buying an additional 19,778 shares during the last quarter. Finally, Creative Planning raised its position in Farmers National Banc by 46.0% during the third quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after acquiring an additional 11,447 shares in the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler reissued a “neutral” rating and issued a $17.00 target price 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 Price Performance

NASDAQ FMNB opened at $13.45 on Friday. Farmers National Banc Corp. has a 1 year low of $11.55 and a 1 year high of $16.32. The company has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $14.62. 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 company has a market cap of $505.59 million, a P/E ratio of 10.93 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly 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 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 analyst estimates of $42.90 million. On average, sell-side analysts predict that Farmers National Banc Corp. will post 1.23 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.06%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

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.