146,207 Shares in Farmers National Banc Corp. $FMNB Acquired by Hotchkis & Wiley Capital Management LLC

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 bought a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 146,207 shares of the bank's stock, valued at approximately $1,908,000. Hotchkis & Wiley Capital Management LLC owned 0.39% of Farmers National Banc as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Farmers National Banc by 105.1% in the first quarter. CWM LLC now owns 2,035 shares of the bank's stock worth $27,000 after buying an additional 1,043 shares during the last quarter. GAMMA Investing LLC raised its holdings in Farmers National Banc by 1,852.1% in the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock worth $31,000 after acquiring an additional 2,241 shares during the period. Aquatic Capital Management LLC bought a new position in Farmers National Banc in the 4th quarter worth $36,000. Matrix Trust Co lifted its position in Farmers National Banc by 61.2% during the 1st quarter. Matrix Trust Co now owns 10,765 shares of the bank's stock worth $140,000 after acquiring an additional 4,086 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Farmers National Banc during the fourth quarter valued at about $146,000. Institutional investors own 38.72% of the company's stock.

Farmers National Banc Trading Up 1.2%

Shares of NASDAQ:FMNB opened at $14.91 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50-day moving average is $13.90 and its 200-day moving average is $13.51. The company has a market cap of $561.36 million, a P/E ratio of 11.13 and a beta of 0.86. Farmers National Banc Corp. has a 52-week low of $11.58 and a 52-week high of $16.29.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business 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%. Equities research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.6%. Farmers National Banc's dividend payout ratio is 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.

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