Schneider Downs Wealth Management Advisors LP Has $484,000 Stock Holdings in Farmers National Banc Corp. $FMNB

Key Points

• Schneider Downs Wealth Management Advisors LP reduced its stake in Farmers National Banc Corp. by 60%, now holding 37,086 shares valued at $484,000.
• Raymond James Financial has reaffirmed an "outperform" rating for Farmers National Banc with a revised price target of $15.00, down from $17.00.
• Farmers National Banc recently declared a quarterly dividend of $0.17 per share, with a current annualized dividend yield of 4.8% and a payout ratio of 50.75%.

Schneider Downs Wealth Management Advisors LP trimmed its position in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 60.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,086 shares of the bank's stock after selling 55,706 shares during the quarter. Schneider Downs Wealth Management Advisors LP owned approximately 0.10% of Farmers National Banc worth $484,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. purchased a new stake in shares of Farmers National Banc in the fourth quarter worth approximately $173,000. First Trust Advisors LP lifted its position 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 purchasing an additional 789 shares in the last quarter. Barclays PLC lifted its position in shares of Farmers National Banc by 12.1% in the fourth quarter. Barclays PLC now owns 62,692 shares of the bank's stock worth $892,000 after purchasing an additional 6,762 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Farmers National Banc by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank's stock worth $16,468,000 after purchasing an additional 60,514 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Farmers National Banc by 1,852.1% in the first quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock worth $31,000 after purchasing an additional 2,241 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Up 0.5%

Shares of NASDAQ FMNB traded up $0.0770 during mid-day trading on Wednesday, reaching $14.1570. The company had a trading volume of 42,140 shares, compared to its average volume of 92,453. The stock has a fifty day moving average of $13.76 and a two-hundred day moving average of $13.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $533.01 million, a price-to-earnings ratio of 10.56 and a beta of 0.86. Farmers National Banc Corp. has a 12-month low of $11.58 and a 12-month high of $16.29.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The business had revenue of $47.04 million during the quarter, compared to analyst estimates of $46.55 million. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.02%. As a group, equities research analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, June 13th. Farmers National Banc's dividend payout ratio (DPR) is presently 50.75%.

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.