Voya Investment Management LLC raised its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 86.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,792 shares of the bank's stock after purchasing an additional 123,030 shares during the period. Voya Investment Management LLC owned 0.71% of Farmers National Banc worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in FMNB. Barclays PLC grew its position in shares of Farmers National Banc by 330.9% in the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock worth $845,000 after buying an additional 42,951 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Farmers National Banc by 142.8% in the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank's stock worth $1,151,000 after purchasing an additional 44,783 shares during the last quarter. Farmers Trust Co. increased its position in shares of Farmers National Banc by 5.8% during the fourth quarter. Farmers Trust Co. now owns 440,742 shares of the bank's stock worth $6,267,000 after purchasing an additional 24,222 shares in the last quarter. Matrix Trust Co lifted its holdings 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 during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Farmers National Banc in the 4th quarter worth $559,000. 38.72% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Gina A. Richardson purchased 2,334 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 4.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on FMNB. Raymond James restated an "outperform" rating and set a $15.00 price objective (down previously from $17.00) on shares of Farmers National Banc in a report on Monday, April 21st. Piper Sandler decreased 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.
Read Our Latest Report on FMNB
Farmers National Banc Price Performance
Shares of Farmers National Banc stock traded up $0.25 on Friday, reaching $13.44. The company's stock had a trading volume of 58,641 shares, compared to its average volume of 91,151. The company has a market capitalization of $505.55 million, a P/E ratio of 11.02 and a beta of 0.80. The stock has a 50-day moving average price of $13.04 and a 200-day moving average price of $13.98. 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 Corp. has a 52-week low of $11.55 and a 52-week high of $16.32.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $44.68 million during the quarter, compared to analyst estimates of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.
Farmers National Banc Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued 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 dividend yield of 5.06%. Farmers National Banc's dividend payout ratio is presently 53.13%.
About Farmers National Banc
(
Free Report)
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.
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