Farmers National Banc Corp. $FMNB Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 214.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,081 shares of the bank’s stock after purchasing an additional 31,429 shares during the period. Sei Investments Co. owned approximately 0.12% of Farmers National Banc worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FMNB. Smithfield Trust Co acquired a new stake in Farmers National Banc in the fourth quarter valued at $30,000. Godfrey Financial Associates Inc. acquired a new position in shares of Farmers National Banc during the 4th quarter worth $37,000. Parallel Advisors LLC boosted its position in shares of Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after buying an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after acquiring an additional 3,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,487 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Piper Sandler raised their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.00.

Insider Buying and Selling at Farmers National Banc

In related news, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president directly owned 32,020 shares in the company, valued at approximately $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc 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. 3.50% of the stock is owned by company insiders.

Farmers National Banc Stock Down 0.4%

FMNB opened at $16.31 on Friday. The firm has a 50 day moving average price of $14.93 and a 200 day moving average price of $14.00. The company has a market cap of $966.37 million, a PE ratio of 11.10 and a beta of 0.76. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $16.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. Sell-side analysts expect that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.26%.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.