Empowered Funds LLC Has $161,000 Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Empowered Funds LLC trimmed its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 56.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,672 shares of the bank’s stock after selling 14,043 shares during the period. Empowered Funds LLC’s holdings in Farmers National Banc were worth $161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FMNB. Price T Rowe Associates Inc. MD bought a new position in Farmers National Banc during the 1st quarter valued at about $140,000. Cubist Systematic Strategies LLC grew its position in Farmers National Banc by 8.1% during 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 during the last quarter. SG Americas Securities LLC bought a new position in Farmers National Banc in the 3rd quarter valued at $214,000. Busey Bank acquired a new position in Farmers National Banc in the second quarter worth $224,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Farmers National Banc during the first quarter worth $248,000. Institutional investors own 38.72% of the company’s stock.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Farmers National Banc Trading Up 0.2 %

Shares of NASDAQ:FMNB opened at $15.78 on Wednesday. The company has a 50-day simple moving average of $14.84 and a 200 day simple moving average of $14.00. The company has a market capitalization of $593.14 million, a P/E ratio of 12.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. Sell-side analysts forecast that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Piper Sandler restated a “neutral” rating and issued a $17.00 price objective on shares of Farmers National Banc in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.67.

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.