Vanguard Group Inc. raised its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 919,691 shares of the bank’s stock after buying an additional 48,719 shares during the period. Vanguard Group Inc. owned approximately 3.40% of Farmers National Banc Corp. worth $13,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Farmers National Banc Corp. by 0.9% in the first quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock worth $169,000 after buying an additional 100 shares during the last quarter. Menta Capital LLC acquired a new position in shares of Farmers National Banc Corp. during the first quarter worth about $174,000. Wedbush Securities Inc. raised its position in shares of Farmers National Banc Corp. by 26.4% in the first quarter. Wedbush Securities Inc. now owns 12,700 shares of the bank’s stock worth $182,000 after buying an additional 2,650 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Farmers National Banc Corp. by 206.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,114 shares of the bank’s stock worth $188,000 after buying an additional 8,836 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of Farmers National Banc Corp. by 7.1% in the first quarter. American International Group Inc. now owns 15,312 shares of the bank’s stock worth $220,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 34.34% of the company’s stock.

Shares of Farmers National Banc Corp. (NASDAQ FMNB) traded down 0.75% during trading on Tuesday, reaching $13.25. 1,884 shares of the company traded hands. The firm’s 50-day moving average is $13.94 and its 200-day moving average is $13.98. Farmers National Banc Corp. has a 12-month low of $9.37 and a 12-month high of $15.50. The stock has a market capitalization of $358.78 million, a PE ratio of 16.28 and a beta of 0.46.

Farmers National Banc Corp. (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.25%. The business had revenue of $24.43 million during the quarter, compared to analysts’ expectations of $24.80 million. On average, equities analysts predict that Farmers National Banc Corp. will post $0.89 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Vanguard Group Inc. Has $13.20 Million Stake in Farmers National Banc Corp. (FMNB)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/29/vanguard-group-inc-has-13-20-million-stake-in-farmers-national-banc-corp-fmnb.html.

FMNB has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.00 price objective on shares of Farmers National Banc Corp. in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Farmers National Banc Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

In other Farmers National Banc Corp. news, insider Mark J. Wenick bought 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $14.10 per share, with a total value of $31,020.00. Following the completion of the acquisition, the insider now owns 8,690 shares in the company, valued at approximately $122,529. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 3,107 shares of company stock valued at $44,095. 7.80% of the stock is currently owned by insiders.

Farmers National Banc Corp. Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

Institutional Ownership by Quarter for Farmers National Banc Corp. (NASDAQ:FMNB)

Receive News & Stock Ratings for Farmers National Banc Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc Corp. and related stocks with our FREE daily email newsletter.