WINTON GROUP Ltd Buys Shares of 76,774 Farmers National Banc Corp. $FMNB

Key Points

• WINTON GROUP Ltd purchased 76,774 shares of Farmers National Banc in the second quarter, valued at approximately $1.12 million. Institutional investors collectively own 38.72% of the company.
• Farmers National Banc reported quarterly earnings of $0.41 per share, exceeding the $0.34 analyst consensus, while revenue of $70.44 million was slightly above expectations.
• The company raised its quarterly dividend to $0.18 per share, implying an annualized dividend of $0.72 and a yield of approximately 4.6%. Analysts maintain a consensus “Hold” rating with a $16.00 target price.

WINTON GROUP Ltd purchased a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 76,774 shares of the bank's stock, valued at approximately $1,121,000. WINTON GROUP Ltd owned about 0.13% of Farmers National Banc as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Farmers National Banc by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 15,227 shares of the bank's stock valued at $200,000 after purchasing an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after buying an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Farmers National Banc by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank's stock worth $368,000 after buying an additional 940 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in Farmers National Banc by 2.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank's stock valued at $569,000 after buying an additional 966 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Farmers National Banc by 5.3% in the second quarter. Fifth Third Bancorp now owns 20,092 shares of the bank's stock valued at $293,000 after buying an additional 1,006 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.

Insider Transactions at Farmers National Banc

In related news, EVP Mark Wenick sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares of the company's stock, valued at approximately $511,359.40. This represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Voinovich sold 23,309 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company's stock.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $15.74 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market cap of $932.60 million, a PE ratio of 10.71 and a beta of 0.76. The company's fifty day simple moving average is $15.46 and its 200 day simple moving average is $14.35. Farmers National Banc Corp. has a 12-month low of $12.12 and a 12-month high of $16.46.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The firm had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. As a group, sell-side analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Farmers National Banc's previous quarterly dividend of $0.17. Farmers National Banc's dividend payout ratio is presently 48.98%.

Analyst Upgrades and Downgrades

A number of analysts have commented on FMNB shares. Wall Street Zen raised shares of Farmers National Banc from a "hold" rating to a "buy" rating in a research report on Sunday, August 30th. Weiss Ratings raised Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.00.

About Farmers National Banc

Farmers National Banc Corp. NASDAQ: FMNB is a bank holding company headquartered in Canfield, Ohio. The company traces its roots to 1887 and operates primarily through Farmers National Bank, a community banking institution serving businesses, individuals and organizations in northeastern Ohio and western Pennsylvania.

Farmers National Bank provides deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services.

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