Farmers Trust Co. Has $7.20 Million Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Farmers Trust Co. lifted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 25.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 551,750 shares of the bank's stock after buying an additional 111,008 shares during the quarter. Farmers National Banc makes up 1.4% of Farmers Trust Co.'s portfolio, making the stock its 17th biggest position. Farmers Trust Co. owned approximately 1.47% of Farmers National Banc worth $7,200,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Farmers National Banc by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank's stock valued at $28,991,000 after purchasing an additional 88,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Farmers National Banc by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank's stock valued at $16,468,000 after purchasing an additional 60,514 shares during the last quarter. Northern Trust Corp lifted its position in Farmers National Banc by 2.4% in the 4th quarter. Northern Trust Corp now owns 346,938 shares of the bank's stock valued at $4,933,000 after purchasing an additional 8,049 shares during the last quarter. Bank of New York Mellon Corp lifted 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 purchasing an additional 117,384 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Farmers National Banc by 86.2% in the 4th quarter. Voya Investment Management LLC now owns 265,792 shares of the bank's stock valued at $3,780,000 after purchasing an additional 123,030 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of 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. Raymond James restated an "outperform" rating and set a $15.00 price target (down from $17.00) on shares of Farmers National Banc in a research report on Monday, April 21st.

Insider Transactions at Farmers National Banc

In related news, Director Gina A. Richardson bought 2,334 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, the director now directly owns 9,896 shares in the company, valued at $136,070. This trade represents a 30.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is owned by corporate insiders.

Farmers National Banc Stock Down 0.5%

FMNB stock traded down $0.07 during trading hours on Friday, hitting $13.32. The company's stock had a trading volume of 112,476 shares, compared to its average volume of 89,446. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $501.03 million, a PE ratio of 10.92 and a beta of 0.80. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The stock has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $13.82.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $45.10 million. On average, equities research analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, June 13th. Farmers National Banc's payout ratio is 53.13%.

Farmers National Banc Company 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.