First Trust Advisors LP Increases Stock Position in Farmers National Banc Corp. $FMNB

First Trust Advisors LP boosted its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 43.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 193,409 shares of the bank’s stock after acquiring an additional 58,754 shares during the period. First Trust Advisors LP’s holdings in Farmers National Banc were worth $2,545,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smithfield Trust Co purchased a new stake in shares of Farmers National Banc during the 4th quarter worth about $30,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Farmers National Banc during the 4th quarter valued at about $37,000. Parallel Advisors LLC increased its stake in shares of Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Insider Activity at Farmers National Banc

In related news, Director Michael C. Voinovich sold 23,309 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Wenick sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. The trade was a 13.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on FMNB shares. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Piper Sandler increased their target price on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Farmers National Banc has an average rating of “Hold” and an average price target of $16.00.

Farmers National Banc Trading Down 0.8%

FMNB stock opened at $15.69 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. Farmers National Banc Corp. has a 12-month low of $12.12 and a 12-month high of $16.16. The stock has a market cap of $929.08 million, a price-to-earnings ratio of 10.67 and a beta of 0.76. The business’s 50-day moving average is $14.72 and its 200 day moving average is $13.91.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%. On average, sell-side analysts anticipate that Farmers National Banc Corp. will post 1.68 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, June 12th. Farmers National Banc’s payout ratio is presently 46.26%.

Farmers National Banc Company 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.