Millennium Management LLC Sells 54,461 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Millennium Management LLC cut its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 73.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,624 shares of the bank's stock after selling 54,461 shares during the period. Millennium Management LLC owned 0.05% of Farmers National Banc worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Trust Advisors LP boosted its stake in shares of Farmers National Banc by 3.5% in the fourth quarter. First Trust Advisors LP now owns 23,522 shares of the bank's stock worth $334,000 after acquiring an additional 789 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Farmers National Banc by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,716 shares of the bank's stock worth $295,000 after purchasing an additional 815 shares in the last quarter. Huntington National Bank boosted its stake in Farmers National Banc by 41.2% in the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank's stock worth $49,000 after purchasing an additional 1,000 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Farmers National Banc by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,724 shares of the bank's stock worth $196,000 after purchasing an additional 1,995 shares during the period. Finally, Rhumbline Advisers grew its holdings in Farmers National Banc by 3.7% during the 4th quarter. Rhumbline Advisers now owns 56,491 shares of the bank's stock valued at $803,000 after buying an additional 2,025 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded down $0.03 during midday trading on Thursday, reaching $13.48. 122,800 shares of the stock traded hands, compared to its average volume of 90,439. The company's 50 day moving average is $13.06 and its 200 day moving average is $13.71. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The stock has a market capitalization of $507.05 million, a PE ratio of 11.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $44.68 million for the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities research analysts anticipate 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. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, June 13th. Farmers National Banc's payout ratio is currently 53.13%.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an "outperform" rating and issued a $15.00 target price (down previously from $17.00) on shares of Farmers National Banc in a report on Monday, April 21st.

About Farmers National Banc

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.