Farmers Trust Co. Acquires 111,008 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Farmers Trust Co. lifted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,750 shares of the bank's stock after purchasing an additional 111,008 shares during the period. Farmers National Banc comprises about 1.4% of Farmers Trust Co.'s portfolio, making the stock its 17th largest holding. Farmers Trust Co. owned 1.47% of Farmers National Banc worth $7,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $31,000. Aquatic Capital Management LLC acquired a new position in Farmers National Banc during the fourth quarter worth $36,000. Huntington National Bank increased its position in shares of Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank's stock worth $49,000 after acquiring an additional 1,000 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Farmers National Banc in the fourth quarter valued at $95,000. Finally, Asset Dedication LLC increased its holdings in Farmers National Banc by 1,998.9% in the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank's stock valued at $134,000 after buying an additional 8,975 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.

Analyst Upgrades and Downgrades

FMNB has been the subject of several recent research reports. Piper Sandler decreased their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Raymond James reissued an "outperform" rating and set a $15.00 price objective (down from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

Insider Buying and Selling at Farmers National Banc

In other news, Director Gina A. Richardson acquired 2,334 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $13.75 per share, with a total value of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares of the company's stock, valued at $136,070. This trade represents a 30.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company's stock.

Farmers National Banc Price Performance

FMNB stock traded up $0.14 on Tuesday, hitting $13.22. 30,193 shares of the company's stock traded hands, compared to its average volume of 89,195. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The stock has a fifty day moving average of $12.99 and a 200-day moving average of $13.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $497.27 million, a price-to-earnings ratio of 10.84 and a beta of 0.80.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Friday, June 13th. Farmers National Banc's payout ratio is 53.13%.

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.