Vanguard Group Inc. Buys 88,392 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Vanguard Group Inc. grew its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,038,771 shares of the bank's stock after purchasing an additional 88,392 shares during the quarter. Vanguard Group Inc. owned about 5.42% of Farmers National Banc worth $28,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FMNB. BNP Paribas Financial Markets boosted its holdings in Farmers National Banc by 11.2% during 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. FMR LLC lifted its holdings in shares of 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 purchasing an additional 835 shares in the last quarter. Barclays PLC grew its position in shares of Farmers National Banc by 330.9% in the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after purchasing an additional 42,951 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Farmers National Banc during the 4th quarter worth approximately $559,000. Finally, State Street Corp lifted its stake in Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank's stock valued at $12,844,000 after buying an additional 28,499 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Stock Performance

NASDAQ:FMNB traded up $0.26 during mid-day trading on Friday, hitting $12.70. The stock had a trading volume of 141,821 shares, compared to its average volume of 91,073. The company's 50 day simple moving average is $13.28 and its 200 day simple moving average is $14.08. The stock has a market cap of $477.71 million, a price-to-earnings ratio of 10.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. The business had revenue of $44.68 million for the quarter, compared to analyst estimates of $45.10 million. On average, equities research analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now owns 48,983 shares of the company's stock, valued at approximately $685,762. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gina A. Richardson bought 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, 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 position. The disclosure for this purchase can be found here. 4.00% of the stock is owned by company insiders.

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.