Dimensional Fund Advisors LP Increases Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Dimensional Fund Advisors LP increased its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,158,133 shares of the bank's stock after acquiring an additional 60,514 shares during the period. Dimensional Fund Advisors LP owned about 3.08% of Farmers National Banc worth $16,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. First Trust Advisors LP grew its position in Farmers National Banc by 3.5% during the 4th quarter. First Trust Advisors LP now owns 23,522 shares of the bank's stock worth $334,000 after acquiring an additional 789 shares during the last quarter. Barclays PLC lifted its holdings in Farmers National Banc by 12.1% in the fourth quarter. Barclays PLC now owns 62,692 shares of the bank's stock valued at $892,000 after buying an additional 6,762 shares during the period. Invesco Ltd. grew its stake in Farmers National Banc by 8.6% during the fourth quarter. Invesco Ltd. now owns 61,649 shares of the bank's stock worth $877,000 after purchasing an additional 4,895 shares during the period. Wells Fargo & Company MN lifted its stake in Farmers National Banc by 21.0% in the fourth quarter. Wells Fargo & Company MN now owns 25,386 shares of the bank's stock valued at $361,000 after buying an additional 4,404 shares during the period. Finally, Huntington National Bank boosted its stake in Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank's stock worth $49,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company's stock.

Insider Buying and Selling at Farmers National Banc

In related news, Director Gina A. Richardson purchased 2,334 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $13.75 per share, with a total value of $32,092.50. Following the purchase, the director now directly owns 9,896 shares of the company's stock, valued at approximately $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.90% of the company's stock.

Farmers National Banc Stock Performance

Farmers National Banc stock traded down $0.12 during midday trading on Friday, reaching $13.36. The stock had a trading volume of 42,129 shares, compared to its average volume of 90,680. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $502.54 million, a PE ratio of 10.95 and a beta of 0.80. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The firm's 50-day moving average price is $12.94 and its 200 day moving average price is $13.93.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $44.68 million for the quarter, compared to analysts' expectations of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. As a group, research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc's dividend payout ratio is currently 53.13%.

Analyst Ratings Changes

Several research firms have weighed in on FMNB. Piper Sandler lowered their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Raymond James reissued an "outperform" rating and set a $15.00 target price (down previously from $17.00) on shares of Farmers National Banc in a research report on Monday, April 21st.

Farmers National Banc Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.