Cetera Investment Advisers acquired a new stake in Farmers National Banc Corp (NASDAQ:FMNB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,687 shares of the bank’s stock, valued at approximately $368,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Farmers National Banc by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 284,594 shares of the bank’s stock valued at $3,625,000 after purchasing an additional 13,145 shares during the period. Rhumbline Advisers raised its position in shares of Farmers National Banc by 42.2% in the fourth quarter. Rhumbline Advisers now owns 35,758 shares of the bank’s stock valued at $456,000 after purchasing an additional 10,607 shares during the period. Farmers Trust Co. raised its position in shares of Farmers National Banc by 9.9% in the fourth quarter. Farmers Trust Co. now owns 282,003 shares of the bank’s stock valued at $3,593,000 after purchasing an additional 25,314 shares during the period. Bessemer Group Inc. raised its position in shares of Farmers National Banc by 14.9% in the fourth quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,000 shares during the period. Finally, BlackRock Inc. raised its position in shares of Farmers National Banc by 1.8% in the third quarter. BlackRock Inc. now owns 1,352,888 shares of the bank’s stock valued at $20,699,000 after purchasing an additional 23,333 shares during the period. 36.70% of the stock is currently owned by institutional investors.

FMNB has been the topic of several research analyst reports. Zacks Investment Research raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. BidaskClub raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Raymond James raised their price target on shares of Farmers National Banc from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, ValuEngine lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.17.

NASDAQ:FMNB opened at $14.55 on Thursday. Farmers National Banc Corp has a 52 week low of $11.56 and a 52 week high of $16.90. The stock has a market cap of $404.36 million, a P/E ratio of 12.65 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Farmers National Banc had a net margin of 27.42% and a return on equity of 12.82%. The business had revenue of $26.49 million for the quarter, compared to analyst estimates of $26.79 million. Equities research analysts anticipate that Farmers National Banc Corp will post 1.25 earnings per share for the current year.

In other Farmers National Banc news, CEO Kevin J. Helmick purchased 2,861 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of $12.94 per share, with a total value of $37,021.34. Following the completion of the transaction, the chief executive officer now owns 70,072 shares in the company, valued at $906,731.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 3,772 shares of company stock worth $50,280. 8.66% of the stock is owned by insiders.

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Farmers National Banc Company Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.

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

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