SG Americas Securities LLC Increases Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

SG Americas Securities LLC lifted its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,773 shares of the bank’s stock after purchasing an additional 1,590 shares during the quarter. SG Americas Securities LLC’s holdings in Farmers National Banc were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FMNB. Cubist Systematic Strategies LLC increased its position in shares of Farmers National Banc by 8.1% during the second 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 period. Creative Planning grew its stake 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. Twelve Points Wealth Management LLC increased its holdings in Farmers National Banc by 8.0% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 58,614 shares of the bank’s stock worth $886,000 after acquiring an additional 4,345 shares during the period. Rosenthal Henry Capital Advisors Inc. lifted its stake in Farmers National Banc by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock worth $2,157,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Farmers National Banc in the 3rd quarter valued at $311,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Insider Buying and Selling

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler decreased their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $13.86 on Friday. The company’s fifty day moving average price is $14.24 and its 200-day moving average price is $14.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $521.00 million, a price-to-earnings ratio of 11.36 and a beta of 0.86. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that Farmers National Banc Corp. will post 1.44 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 4.91%. Farmers National Banc’s dividend payout ratio is 55.74%.

About Farmers National Banc

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.