Squarepoint Ops LLC acquired a new stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 43,426 shares of the bank's stock, valued at approximately $618,000. Squarepoint Ops LLC owned about 0.12% of Farmers National Banc at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Two Sigma Investments LP increased its holdings in shares of Farmers National Banc by 5.7% in the fourth quarter. Two Sigma Investments LP now owns 69,248 shares of the bank's stock valued at $985,000 after purchasing an additional 3,753 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Farmers National Banc by 16.5% in the fourth quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank's stock valued at $1,233,000 after purchasing an additional 12,300 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of Farmers National Banc in the fourth quarter valued at $146,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Farmers National Banc by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,716 shares of the bank's stock valued at $295,000 after purchasing an additional 815 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Farmers National Banc by 19.0% in the fourth quarter. Deutsche Bank AG now owns 18,177 shares of the bank's stock valued at $258,000 after purchasing an additional 2,905 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.
Farmers National Banc Stock Performance
Shares of FMNB stock traded down $0.03 on Thursday, hitting $13.04. The company's stock had a trading volume of 69,659 shares, compared to its average volume of 89,448. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock's 50 day moving average is $12.99 and its 200-day moving average is $13.77. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The company has a market capitalization of $490.50 million, a PE ratio of 10.69 and a beta of 0.80.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. The business had revenue of $44.68 million for the quarter, compared to the consensus estimate of $45.10 million. Equities research analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.
Farmers National Banc Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.21%. Farmers National Banc's dividend payout ratio (DPR) is presently 53.13%.
Wall Street Analysts Forecast Growth
Separately, Raymond James restated an "outperform" rating and issued a $15.00 price target (down from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.
Check Out Our Latest Report on FMNB
Farmers National Banc Company Profile
(
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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