State Board of Administration of Florida Retirement System Increases Position in Farmers National Banc Corp. (NASDAQ:FMNB)

State Board of Administration of Florida Retirement System increased its stake in Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) by 12.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,850 shares of the bank’s stock after acquiring an additional 1,514 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Farmers National Banc were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in Farmers National Banc by 1.6% in the second quarter. Commonwealth Equity Services LLC now owns 58,344 shares of the bank’s stock worth $875,000 after acquiring an additional 947 shares in the last quarter. John W. Rosenthal Capital Management Inc. purchased a new position in Farmers National Banc in the first quarter worth $351,000. Allspring Global Investments Holdings LLC grew its position in Farmers National Banc by 312.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 69,554 shares of the bank’s stock worth $1,043,000 after acquiring an additional 52,682 shares in the last quarter. Walthausen & Co. LLC lifted its stake in Farmers National Banc by 0.7% in the first quarter. Walthausen & Co. LLC now owns 119,170 shares of the bank’s stock worth $2,033,000 after purchasing an additional 800 shares during the last quarter. Finally, Twelve Points Wealth Management LLC lifted its stake in Farmers National Banc by 80.2% in the second quarter. Twelve Points Wealth Management LLC now owns 22,989 shares of the bank’s stock worth $345,000 after purchasing an additional 10,231 shares during the last quarter. 40.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FMNB shares. Raymond James downgraded shares of Farmers National Banc from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. StockNews.com downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Sandler downgraded shares of Farmers National Banc from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $15.50 to $14.50 in a research note on Wednesday, October 5th.

Farmers National Banc Stock Performance

Shares of NASDAQ:FMNB opened at $14.95 on Tuesday. The company has a market cap of $509.20 million, a price-to-earnings ratio of 9.46 and a beta of 0.81. The company has a 50-day moving average price of $13.74 and a 200-day moving average price of $14.46. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. Farmers National Banc Corp. has a 12 month low of $12.41 and a 12 month high of $20.00.

Farmers National Banc Profile

(Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

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

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