Dimensional Fund Advisors LP Trims Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Dimensional Fund Advisors LP lessened its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,061,727 shares of the bank’s stock after selling 51,199 shares during the period. Dimensional Fund Advisors LP owned 2.83% of Farmers National Banc worth $13,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. PEAK6 Investments LLC purchased a new stake in shares of Farmers National Banc in the 1st quarter valued at approximately $248,000. Busey Bank acquired a new position in shares of Farmers National Banc in the 2nd quarter valued at $224,000. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $2,834,000 after purchasing an additional 12,160 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Farmers National Banc in the first quarter valued at about $140,000. Finally, American Century Companies Inc. boosted its stake in Farmers National Banc by 2.9% during the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock worth $3,757,000 after buying an additional 8,525 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

FMNB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James upped their price target on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com cut Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.67.

Farmers National Banc Trading Up 0.8 %

Shares of FMNB stock opened at $14.37 on Friday. Farmers National Banc Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $16.32. The company has a 50 day moving average price of $14.80 and a 200 day moving average price of $13.40. The stock has a market capitalization of $539.59 million, a P/E ratio of 9.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The business had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Equities research analysts predict that Farmers National Banc Corp. will post 1.37 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.73%. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares of the company’s stock, valued at $430,602.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

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.