Odyssean LLC Purchases Shares of 31,899 Farmers National Banc Corp. $FMNB

Odyssean LLC purchased a new position in Farmers National Banc Corp. (NASDAQ:FMNB) during the 2nd quarter, Holdings Channel reports. The firm purchased 31,899 shares of the bank’s stock, valued at approximately $466,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new stake in Farmers National Banc during the first quarter worth about $1,426,000. The Manufacturers Life Insurance Company increased its stake in Farmers National Banc by 17.0% during the first quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock valued at $6,187,000 after acquiring an additional 68,445 shares during the period. Dimensional Fund Advisors LP raised its holdings in Farmers National Banc by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock valued at $20,264,000 after acquiring an additional 302,397 shares in the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Farmers National Banc by 42.8% in the 1st quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank’s stock worth $3,293,000 after acquiring an additional 75,000 shares during the period. Finally, Demming Financial Services Corp ADV bought a new stake in shares of Farmers National Banc in the 1st quarter worth approximately $796,000. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $15.77 on Friday. Farmers National Banc Corp. has a 12-month low of $12.12 and a 12-month high of $16.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $934.37 million, a PE ratio of 10.73 and a beta of 0.76. The firm has a 50-day moving average price of $15.18 and a 200 day moving average price of $14.17.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 12.03%. Research analysts anticipate that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.17. Farmers National Banc’s payout ratio is currently 46.26%.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark J. Wenick sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president owned 32,020 shares of the company’s stock, valued at $511,359.40. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FMNB has been the subject of a number of recent research reports. Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment 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 stock presently has an average rating of “Hold” and an average price target of $16.00.

About Farmers National Banc

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.