Teacher Retirement System of Texas Has $687,000 Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Teacher Retirement System of Texas boosted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 51.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,299 shares of the bank’s stock after acquiring an additional 16,391 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Farmers National Banc worth $687,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FMNB. Bank of New York Mellon Corp lifted its holdings in shares of Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after purchasing an additional 117,384 shares in the last quarter. JPMorgan Chase & Co. raised its position in Farmers National Banc by 142.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank’s stock valued at $1,151,000 after buying an additional 44,783 shares during the last quarter. Geode Capital Management LLC lifted its stake in Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after acquiring an additional 44,349 shares in the last quarter. Barclays PLC boosted its holdings in Farmers National Banc by 330.9% during the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank’s stock worth $845,000 after acquiring an additional 42,951 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Farmers National Banc in the 4th quarter worth $559,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Insider Activity

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares in the company, valued at $685,762. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gina A. Richardson bought 2,334 shares of Farmers National Banc stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. This represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by company insiders.

Farmers National Banc Price Performance

FMNB opened at $12.99 on Monday. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The firm has a 50-day moving average of $13.76 and a 200 day moving average of $14.38. 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 firm has a market cap of $488.62 million, a P/E ratio of 10.65 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, research analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.23%. Farmers National Banc’s payout ratio is 55.74%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FMNB. Piper Sandler dropped their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report 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.