LSV Asset Management Reduces Stock Position in Farmers National Banc Corp. $FMNB

LSV Asset Management cut its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 367,217 shares of the bank’s stock after selling 75,300 shares during the quarter. LSV Asset Management’s holdings in Farmers National Banc were worth $4,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after acquiring an additional 936 shares during the last quarter. First Trust Advisors LP grew its stake in Farmers National Banc by 6.2% during the 2nd quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock worth $342,000 after buying an additional 1,458 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Farmers National Banc by 49.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Farmers National Banc by 2.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 59,938 shares of the bank’s stock worth $864,000 after buying an additional 1,688 shares during the last quarter. Finally, Comerica Bank grew its stake in Farmers National Banc by 12.8% during the 4th quarter. Comerica Bank now owns 18,206 shares of the bank’s stock worth $243,000 after buying an additional 2,065 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Farmers National Banc Trading Up 0.9%

Shares of FMNB stock opened at $14.27 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $15.50. The stock has a fifty day moving average of $13.65 and a two-hundred day moving average of $13.50. The firm has a market capitalization of $845.07 million, a PE ratio of 9.84 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The company had revenue of $56.26 million during the quarter, compared to analyst estimates of $55.30 million. As a group, research analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, June 12th. Farmers National Banc’s payout ratio is 46.90%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky purchased 40,000 shares of Farmers National Banc stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the transaction, the director owned 196,020 shares of the company’s stock, valued at $2,497,294.80. The trade was a 25.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 41,672 shares of company stock worth $530,974. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FMNB shares. Zacks Research upgraded Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Wall Street Zen upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler upped their price objective on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.00.

Farmers National Banc Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.