Schneider Downs Wealth Management Advisors LP Has $484,000 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% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,086 shares of the bank's stock after selling 55,706 shares during the period. 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.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings 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 valued at $334,000 after purchasing an additional 789 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Farmers National Banc by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,716 shares of the bank's stock valued at $295,000 after purchasing an additional 815 shares in the last quarter. CWM LLC lifted its holdings in shares of Farmers National Banc by 105.1% in the first quarter. CWM LLC now owns 2,035 shares of the bank's stock valued at $27,000 after purchasing an additional 1,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Farmers National Banc by 17.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,724 shares of the bank's stock valued at $196,000 after purchasing an additional 1,995 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Farmers National Banc by 10.5% during the fourth quarter. MetLife Investment Management LLC now owns 22,258 shares of the bank's stock worth $317,000 after acquiring an additional 2,112 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Stock Down 1.0%

FMNB traded down $0.1350 on Thursday, hitting $14.0450. 23,100 shares of the company were exchanged, compared to its average volume of 92,274. Farmers National Banc Corp. has a 12 month low of $11.58 and a 12 month high of $16.29. The company has a market cap of $528.79 million, a PE ratio of 10.48 and a beta of 0.86. 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 stock's fifty day moving average is $13.77 and its 200-day moving average is $13.49.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $47.04 million for the quarter, compared to analyst estimates of $46.55 million. Equities research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

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