First Trust Advisors LP Increases Stake in Farmers National Banc Corp. $FMNB

First Trust Advisors LP increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 43.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,409 shares of the bank’s stock after purchasing an additional 58,754 shares during the period. First Trust Advisors LP owned 0.51% of Farmers National Banc worth $2,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FMNB. Y Intercept Hong Kong Ltd purchased a new position in shares of Farmers National Banc in the first quarter worth $1,426,000. Staley Capital Advisers Inc. grew its holdings in shares of Farmers National Banc by 42.8% during the first quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank’s stock valued at $3,293,000 after buying an additional 75,000 shares during the last quarter. Demming Financial Services Corp ADV purchased a new stake in shares of Farmers National Banc during the first quarter valued at $796,000. Assenagon Asset Management S.A. acquired a new position in shares of Farmers National Banc in the 1st quarter valued at $2,954,000. Finally, Beese Fulmer Investment Management Inc. increased its position in shares of Farmers National Banc by 11.8% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 374,090 shares of the bank’s stock valued at $4,983,000 after acquiring an additional 39,539 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on FMNB shares. Wall Street Zen cut Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Piper Sandler increased their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.00.

Insider Transactions at Farmers National Banc

In related news, EVP Mark J. Wenick sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the sale, the executive vice president directly owned 32,020 shares of the company’s stock, valued at $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael C. Voinovich sold 23,309 shares of the firm’s stock in a transaction dated 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. Company insiders own 3.50% of the company’s stock.

Farmers National Banc Stock Down 0.8%

FMNB stock opened at $15.69 on Friday. The company has a market capitalization of $929.08 million, a P/E ratio of 10.67 and a beta of 0.76. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $16.16. The firm’s fifty day simple moving average is $14.72 and its 200-day simple moving average is $13.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $70.44 million during 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 13.14%. As a group, equities research analysts forecast 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 paid a dividend of $0.17 per share. The ex-dividend date was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.3%. Farmers National Banc’s dividend payout ratio (DPR) is presently 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.