Arrowstreet Capital Limited Partnership Sells 92,345 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Arrowstreet Capital Limited Partnership reduced its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 86.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,778 shares of the bank's stock after selling 92,345 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Farmers National Banc were worth $210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after buying an additional 835 shares in the last quarter. R Squared Ltd bought a new stake in Farmers National Banc during the 4th quarter worth approximately $31,000. Matrix Trust Co grew its position in shares of Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank's stock valued at $95,000 after purchasing an additional 5,733 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Farmers National Banc in the fourth quarter worth $95,000. Finally, BNP Paribas Financial Markets boosted its stake in Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock valued at $124,000 after buying an additional 829 shares during the period. 38.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FMNB. Piper Sandler cut their price objective on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. StockNews.com upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th.

Farmers National Banc Price Performance

Shares of Farmers National Banc stock traded up $0.26 during trading on Friday, hitting $12.70. 141,821 shares of the stock traded hands, compared to its average volume of 91,106. The firm's fifty day moving average is $13.28 and its 200-day moving average is $14.08. The stock has a market cap of $477.71 million, a price-to-earnings ratio of 10.41 and a beta of 0.77. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. The firm had revenue of $44.68 million for the quarter, compared to the consensus estimate of $45.10 million. Research analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.35%. Farmers National Banc's payout ratio is 53.13%.

Insider Activity

In related news, Director Gina A. Richardson bought 2,334 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares of the company's stock, valued at $136,070. The trade was a 30.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now directly owns 48,983 shares in the company, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Farmers National Banc Company 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.