Goldman Sachs Group Inc. Sells 109,189 Shares of Farmers National Banc Corp. $FMNB

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Farmers National Banc Corp. by 50.2%, selling 109,189 shares and leaving it with 0.29% of the company's stock, valued at approximately $1.4 million.
• Farmers National Banc recently reported earnings of $0.37 per share, meeting analysts' expectations, and highlighted a revenue of $47.04 million in the last quarter.
• The company has announced a quarterly dividend of $0.17 per share, representing an annualized yield of 4.7% and a payout ratio of 50.75%.

Goldman Sachs Group Inc. reduced its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,160 shares of the bank's stock after selling 109,189 shares during the period. Goldman Sachs Group Inc. owned approximately 0.29% of Farmers National Banc worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FMNB. Hotchkis & Wiley Capital Management LLC acquired a new stake in Farmers National Banc during the 1st quarter worth approximately $1,908,000. Farmers Trust Co. lifted its holdings in Farmers National Banc by 25.2% during the 1st quarter. Farmers Trust Co. now owns 551,750 shares of the bank's stock worth $7,200,000 after purchasing an additional 111,008 shares during the last quarter. Nuveen LLC acquired a new stake in Farmers National Banc during the 1st quarter worth approximately $1,144,000. Jane Street Group LLC acquired a new stake in Farmers National Banc during the 1st quarter worth approximately $830,000. Finally, Squarepoint Ops LLC acquired a new position in Farmers National Banc in the 4th quarter valued at $618,000. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Price Performance

NASDAQ FMNB traded up $0.04 during midday trading on Tuesday, hitting $14.67. The company had a trading volume of 21,431 shares, compared to its average volume of 93,300. The company has a market capitalization of $552.29 million, a PE ratio of 10.96 and a beta of 0.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $14.31 and a 200-day moving average price of $13.60. Farmers National Banc Corp. has a twelve month low of $11.58 and a twelve month high of $16.29.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%.The firm had revenue of $47.04 million during the quarter, compared to analysts' expectations of $46.55 million. As a group, analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.6%. Farmers National Banc's payout ratio is 50.75%.

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.