JPMorgan Chase & Co. decreased its stake in Farmers National Banc Corp (NASDAQ:FMNB) by 13.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 102,500 shares of the bank’s stock after selling 16,061 shares during the period. JPMorgan Chase & Co.’s holdings in Farmers National Banc were worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Stifel Financial Corp boosted its stake in Farmers National Banc by 6.4% during the 2nd quarter. Stifel Financial Corp now owns 13,244 shares of the bank’s stock worth $192,000 after purchasing an additional 800 shares during the period. Bank of New York Mellon Corp boosted its stake in Farmers National Banc by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 91,080 shares of the bank’s stock worth $1,321,000 after purchasing an additional 2,489 shares during the period. Teachers Advisors LLC boosted its stake in Farmers National Banc by 6.5% during the 2nd quarter. Teachers Advisors LLC now owns 44,255 shares of the bank’s stock worth $642,000 after purchasing an additional 2,709 shares during the period. Wedbush Securities Inc. boosted its stake in Farmers National Banc by 33.3% during the 3rd quarter. Wedbush Securities Inc. now owns 16,925 shares of the bank’s stock worth $255,000 after purchasing an additional 4,225 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Farmers National Banc by 44.0% during the 2nd quarter. Prudential Financial Inc. now owns 17,010 shares of the bank’s stock worth $247,000 after purchasing an additional 5,200 shares during the period. Institutional investors and hedge funds own 34.49% of the company’s stock.

FMNB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of Farmers National Banc in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. ValuEngine cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.

Farmers National Banc Corp (NASDAQ FMNB) opened at $15.05 on Wednesday. The company has a market cap of $415.92, a price-to-earnings ratio of 17.92 and a beta of 0.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Farmers National Banc Corp has a 12-month low of $12.13 and a 12-month high of $15.95.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.59%. Farmers National Banc’s payout ratio is currently 28.57%.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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