Farmers National Banc Corp. (NASDAQ:FMNB) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 454.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,615 shares of the bank's stock after acquiring an additional 120,150 shares during the period. LPL Financial LLC owned 0.39% of Farmers National Banc worth $2,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank's stock valued at $1,560,000 after purchasing an additional 2,241 shares during the last quarter. FMR LLC raised its holdings in Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank's stock valued at $31,000 after buying an additional 835 shares during the period. BNP Paribas Financial Markets lifted its position in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after buying an additional 829 shares during the last quarter. State Street Corp lifted its position in Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank's stock worth $12,844,000 after buying an additional 28,499 shares during the last quarter. Finally, Barclays PLC increased its position in Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after acquiring an additional 42,951 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.

Farmers National Banc Trading Up 2.1 %

FMNB stock traded up $0.26 during trading on Friday, hitting $12.70. The company had a trading volume of 141,821 shares, compared to its average volume of 91,073. The firm has a market capitalization of $477.71 million, a P/E ratio of 10.41 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $14.08.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $44.68 million during the quarter, compared to analyst estimates of $45.10 million. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. As a group, research analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.35%. Farmers National Banc's dividend payout ratio is presently 53.13%.

Insiders Place Their Bets

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gina A. Richardson bought 2,334 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the acquisition, the director now owns 9,896 shares of the company's stock, valued at $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd.

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.