Voya Investment Management LLC Reduces Stock Position in Farmers National Banc Corp. $FMNB

Key Points

• Voya Investment Management LLC has reduced its holdings in Farmers National Banc Corp. by 14.7%, now owning approximately 0.60% of the company valued at $2.96 million.
• Farmers National Banc recently declared a quarterly dividend of $0.17 per share, translating to an annualized dividend yield of 4.7%.
• The stock's current price is $14.60, with a 52-week range of $11.58 to $16.29 and a market capitalization of $549.69 million.

Voya Investment Management LLC trimmed its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 226,650 shares of the bank's stock after selling 39,142 shares during the period. Voya Investment Management LLC owned 0.60% of Farmers National Banc worth $2,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Farmers Trust Co. boosted its stake in Farmers National Banc by 25.2% in the 1st quarter. Farmers Trust Co. now owns 551,750 shares of the bank's stock worth $7,200,000 after buying an additional 111,008 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Farmers National Banc in the 1st quarter valued at about $1,908,000. Nuveen LLC acquired a new position in shares of Farmers National Banc in the 1st quarter valued at about $1,144,000. Two Sigma Advisers LP lifted its stake in shares of Farmers National Banc by 16.5% in the 4th quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank's stock valued at $1,233,000 after purchasing an additional 12,300 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Farmers National Banc by 12.2% in the 1st quarter. Cetera Investment Advisers now owns 83,793 shares of the bank's stock valued at $1,094,000 after purchasing an additional 9,142 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Trading Up 0.3%

Shares of NASDAQ FMNB traded up $0.04 during midday trading on Tuesday, hitting $14.67. The stock 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 price-to-earnings ratio of 10.96 and a beta of 0.85. Farmers National Banc Corp. has a 1-year low of $11.58 and a 1-year high of $16.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $14.31 and a 200 day moving average price of $13.60.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $47.04 million for the quarter, compared to the consensus estimate of $46.55 million. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%. On average, analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 12th. Farmers National Banc's dividend payout ratio (DPR) is presently 50.75%.

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.