BNP Paribas Financial Markets Acquires 829 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

BNP Paribas Financial Markets lifted its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,207 shares of the bank’s stock after acquiring an additional 829 shares during the period. BNP Paribas Financial Markets’ holdings in Farmers National Banc were worth $124,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FMNB. FMR LLC raised its position in Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position 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 worth $165,000 after buying an additional 997 shares during the period. Inspire Investing LLC boosted its stake in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after buying an additional 2,241 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in Farmers National Banc by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after acquiring an additional 2,258 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Trading Down 6.2 %

Shares of NASDAQ FMNB opened at $14.26 on Thursday. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. 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 50-day moving average of $15.09 and a two-hundred day moving average of $14.34. The company has a market cap of $536.00 million, a PE ratio of 11.59 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued 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 firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, equities analysts expect that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.77%. Farmers National Banc’s payout ratio is 55.28%.

Analyst Ratings Changes

Several brokerages have recently commented on FMNB. Piper Sandler restated a “neutral” rating and issued a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday.

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.