Hotchkis & Wiley Capital Management LLC Invests $1.91 Million in Farmers National Banc Corp. $FMNB

Key Points

• Hotchkis & Wiley Capital Management LLC acquired 146,207 shares of Farmers National Banc Corp. valued at approximately $1,908,000, increasing their ownership to 0.39% of the company.
• Farmers National Banc recently announced a quarterly dividend of $0.17, translating to an annualized yield of 4.6% and reflecting a payout ratio of 50.75%.
• For the latest quarter, Farmers National Banc reported $0.37 earnings per share, meeting analyst expectations, and generated revenue of $47.04 million, exceeding prior forecasts.

Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 146,207 shares of the bank's stock, valued at approximately $1,908,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.39% of Farmers National Banc at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FMNB. Wells Fargo & Company MN raised its holdings in shares of Farmers National Banc by 21.0% during the 4th 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 in the last quarter. Invesco Ltd. raised its holdings in shares of Farmers National Banc by 8.6% during the 4th quarter. Invesco Ltd. now owns 61,649 shares of the bank's stock valued at $877,000 after buying an additional 4,895 shares in the last quarter. Barclays PLC raised its holdings in shares of Farmers National Banc by 12.1% during the 4th quarter. Barclays PLC now owns 62,692 shares of the bank's stock valued at $892,000 after buying an additional 6,762 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Farmers National Banc by 3.5% during the 4th quarter. First Trust Advisors LP now owns 23,522 shares of the bank's stock valued at $334,000 after buying an additional 789 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Farmers National Banc by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank's stock valued at $16,468,000 after buying an additional 60,514 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Trading Up 0.1%

FMNB stock traded up $0.02 during trading on Monday, hitting $15.18. 139,586 shares of the company traded hands, compared to its average volume of 98,746. The firm has a market capitalization of $571.53 million, a PE ratio of 11.33 and a beta of 0.85. Farmers National Banc Corp. has a 1 year low of $11.58 and a 1 year high of $16.29. The company has a 50-day moving average of $14.08 and a 200-day moving average of $13.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $47.04 million during the quarter, compared to analysts' expectations of $46.55 million. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 12th. This represents a $0.68 annualized dividend and a yield of 4.5%. Farmers National Banc's dividend payout ratio is currently 50.75%.

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.