LSV Asset Management Sells 56,980 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

LSV Asset Management lessened its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,724 shares of the bank's stock after selling 56,980 shares during the period. LSV Asset Management owned about 1.36% of Farmers National Banc worth $7,248,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Farmers National Banc by 454.0% during the fourth quarter. LPL Financial LLC now owns 146,615 shares of the bank's stock valued at $2,085,000 after purchasing an additional 120,150 shares in the last quarter. Bank of New York Mellon Corp increased its position in Farmers National Banc by 59.2% in the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank's stock valued at $4,486,000 after acquiring an additional 117,384 shares during the period. Vanguard Group Inc. raised its stake in shares of Farmers National Banc by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank's stock valued at $28,991,000 after acquiring an additional 88,392 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Farmers National Banc by 100.5% during the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank's stock worth $2,170,000 after purchasing an additional 76,496 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock worth $12,802,000 after purchasing an additional 44,349 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company's stock.

Farmers National Banc Trading Up 2.1 %

Shares of NASDAQ:FMNB traded up $0.26 during midday trading on Friday, reaching $12.70. The company's stock had a trading volume of 141,821 shares, compared to its average volume of 91,106. The firm has a 50 day moving average price of $13.28 and a two-hundred day moving average price of $14.08. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The firm has a market capitalization of $477.71 million, a price-to-earnings ratio of 10.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

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 firm had revenue of $44.68 million for the quarter, compared to analysts' expectations of $45.10 million. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. As a group, analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their target price on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd.

Insiders Place Their Bets

In related news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gina A. Richardson acquired 2,334 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price 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. The trade was a 30.86 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

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.