Farmers National Banc Corp. (NASDAQ:FMNB) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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).

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings in Farmers National Banc by 330.9% during the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after buying an additional 42,951 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Farmers National Banc by 142.8% in the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank's stock valued at $1,151,000 after acquiring an additional 44,783 shares during the period. Farmers Trust Co. lifted its holdings in shares of Farmers National Banc by 5.8% in the 4th quarter. Farmers Trust Co. now owns 440,742 shares of the bank's stock worth $6,267,000 after acquiring an additional 24,222 shares during the last quarter. Matrix Trust Co boosted its stake 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 worth $95,000 after purchasing an additional 5,733 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Farmers National Banc during the 4th quarter valued at about $559,000. 38.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FMNB. Raymond James restated 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. Piper Sandler cut their price objective on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd.

Insider Activity

In other news, Director Gina A. Richardson purchased 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company's stock, valued at approximately $136,070. This represents a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company's stock.

Farmers National Banc Trading Up 0.8 %

Shares of Farmers National Banc stock traded up $0.10 on Wednesday, hitting $13.35. 7,818 shares of the company traded hands, compared to its average volume of 90,384. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a market cap of $502.16 million, a PE ratio of 10.93 and a beta of 0.80. The stock's 50 day moving average price is $13.00 and its 200-day moving average price is $13.95. The company has a current ratio of 0.74, a quick 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 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 for the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Equities research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

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

About Farmers National Banc

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.