Allspring Global Investments Holdings LLC Sells 3,310 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Allspring Global Investments Holdings LLC lowered its position in Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) by 4.8% in the third quarter, HoldingsChannel.com reports. The fund owned 66,244 shares of the bank’s stock after selling 3,310 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Farmers National Banc were worth $867,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in Farmers National Banc by 1.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 58,344 shares of the bank’s stock worth $875,000 after purchasing an additional 947 shares during the last quarter. Martingale Asset Management L P raised its position in Farmers National Banc by 125.1% in the 2nd quarter. Martingale Asset Management L P now owns 49,126 shares of the bank’s stock worth $738,000 after purchasing an additional 27,300 shares during the last quarter. Twelve Points Wealth Management LLC raised its position in Farmers National Banc by 80.2% in the 2nd 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. CoreCap Advisors LLC bought a new position in Farmers National Banc in the 2nd quarter worth approximately $26,000. Finally, Brandywine Global Investment Management LLC bought a new position in Farmers National Banc in the 2nd quarter worth approximately $415,000. Institutional investors own 38.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FMNB. StockNews.com cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. Piper Sandler upped their target price 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. Finally, Raymond James cut shares of Farmers National Banc from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $14.23 on Monday. The firm has a fifty day moving average of $14.58 and a two-hundred day moving average of $14.28. The stock has a market capitalization of $484.67 million, a price-to-earnings ratio of 9.01 and a beta of 0.83. Farmers National Banc Corp. has a 52 week low of $12.41 and a 52 week high of $19.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 0.66.

Farmers National Banc (NASDAQ:FMNBGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $40.61 million during the quarter, compared to analysts’ expectations of $41.80 million. Farmers National Banc had a net margin of 29.22% and a return on equity of 18.18%. As a group, equities research analysts predict that Farmers National Banc Corp. will post 1.92 EPS for the current year.

Farmers National Banc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.78%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.16. Farmers National Banc’s dividend payout ratio (DPR) is currently 43.04%.

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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