10,161 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by AE Wealth Management LLC

AE Wealth Management LLC acquired a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,161 shares of the bank’s stock, valued at approximately $133,000.

Several other institutional investors have also modified their holdings of FMNB. BlackRock Inc. raised its position in shares of Farmers National Banc by 8.1% in the first quarter. BlackRock Inc. now owns 2,170,434 shares of the bank’s stock valued at $37,027,000 after buying an additional 162,721 shares during the last quarter. State Street Corp grew its stake in Farmers National Banc by 2.5% during the 2nd quarter. State Street Corp now owns 632,719 shares of the bank’s stock valued at $9,491,000 after acquiring an additional 15,733 shares in the last quarter. Farmers Trust Co. raised its holdings in Farmers National Banc by 20.7% in the 3rd quarter. Farmers Trust Co. now owns 547,485 shares of the bank’s stock valued at $7,167,000 after acquiring an additional 93,911 shares during the last quarter. LSV Asset Management lifted its stake in Farmers National Banc by 1.1% in the 1st quarter. LSV Asset Management now owns 475,920 shares of the bank’s stock worth $8,119,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Farmers National Banc by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 364,533 shares of the bank’s stock worth $6,219,000 after purchasing an additional 18,200 shares during the last quarter. Institutional investors and hedge funds own 38.99% of the company’s stock.

Farmers National Banc Stock Down 0.6 %

Shares of NASDAQ FMNB opened at $13.99 on Friday. Farmers National Banc Corp. has a 1 year low of $12.41 and a 1 year high of $19.19. The company has a market capitalization of $476.50 million, a P/E ratio of 8.85 and a beta of 0.83. The company has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.66 and a quick ratio of 0.66.

Farmers National Banc (NASDAQ:FMNBGet Rating) last posted its earnings results on Wednesday, October 26th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Farmers National Banc had a return on equity of 18.18% and a net margin of 29.22%. The company had revenue of $40.61 million during the quarter, compared to analysts’ expectations of $41.80 million. On average, equities research analysts predict that Farmers National Banc Corp. will post 1.92 earnings per share for the current year.

Farmers National Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were issued a $0.17 dividend. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 4.86%. The ex-dividend date was Thursday, December 8th. Farmers National Banc’s payout ratio is 43.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on FMNB shares. Raymond James cut Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Thursday, October 6th. StockNews.com downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Finally, Piper Sandler boosted their price target on shares of Farmers National Banc from $14.50 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, December 6th.

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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