Farmers National Banc Corp. $FMNB Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 214.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 46,081 shares of the bank’s stock after purchasing an additional 31,429 shares during the quarter. Sei Investments Co.’s holdings in Farmers National Banc were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FMNB. AQR Capital Management LLC increased its position in Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock valued at $364,000 after acquiring an additional 13,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Farmers National Banc by 50.3% during the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after purchasing an additional 12,735 shares during the period. Jane Street Group LLC bought a new stake in shares of Farmers National Banc during the first quarter valued at about $830,000. Finally, Legal & General Group Plc raised its stake in shares of Farmers National Banc by 18.2% during the second quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock valued at $503,000 after purchasing an additional 5,612 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 32,020 shares of the company’s stock, valued at approximately $511,359.40. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Voinovich sold 23,309 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FMNB shares. Piper Sandler increased their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $16.31 on Friday. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $16.46. The firm has a market cap of $966.37 million, a P/E ratio of 11.10 and a beta of 0.76. The stock has a fifty day moving average price of $14.93 and a two-hundred day moving average price of $14.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%.The company had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. Research analysts forecast that Farmers National Banc Corp. will post 1.68 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s payout ratio is presently 46.26%.

About Farmers National Banc

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.