Commonwealth Equity Services LLC Has $846,000 Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Commonwealth Equity Services LLC increased its position in Farmers National Banc Corp. (NASDAQ:FMNB – Get Rating) by 10.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,957 shares of the bank’s stock after acquiring an additional 5,605 shares during the period. Commonwealth Equity Services LLC’s holdings in Farmers National Banc were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Farmers National Banc by 8.1% in the first quarter. BlackRock Inc. now owns 2,170,434 shares of the bank’s stock worth $37,027,000 after buying an additional 162,721 shares during the last quarter. Vanguard Group Inc. boosted its position in Farmers National Banc by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,486,416 shares of the bank’s stock worth $19,457,000 after purchasing an additional 38,700 shares during the period. Dimensional Fund Advisors LP boosted its position in Farmers National Banc by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,039,606 shares of the bank’s stock worth $13,608,000 after purchasing an additional 61,325 shares during the period. LSV Asset Management boosted its position in Farmers National Banc by 9.8% during the third quarter. LSV Asset Management now owns 636,995 shares of the bank’s stock worth $8,338,000 after purchasing an additional 57,095 shares during the period. Finally, State Street Corp boosted its position in Farmers National Banc by 2.5% during the second quarter. State Street Corp now owns 632,719 shares of the bank’s stock worth $9,491,000 after purchasing an additional 15,733 shares during the period. Institutional investors and hedge funds own 38.99% of the company’s stock.

Farmers National Banc Stock Up 2.9 %

FMNB opened at $12.33 on Wednesday. Farmers National Banc Corp. has a 1-year low of $10.82 and a 1-year high of $15.73. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $461.91 million, a price-to-earnings ratio of 8.17 and a beta of 0.81. The business has a 50 day moving average of $11.88 and a 200-day moving average of $13.47.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were given a $0.17 dividend. The ex-dividend date was Thursday, March 9th. This represents a $0.68 annualized dividend and a dividend yield of 5.52%. Farmers National Banc’s dividend payout ratio is 45.03%.

Insider Activity

In other news, Director Edward Muransky bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average cost of $11.58 per share, for a total transaction of $347,400.00. Following the completion of the purchase, the director now owns 157,467 shares of the company’s stock, valued at approximately $1,823,467.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Edward Muransky bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average cost of $11.58 per share, for a total transaction of $347,400.00. Following the completion of the purchase, the director now owns 157,467 shares of the company’s stock, valued at approximately $1,823,467.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neil J. Kaback bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average price of $12.79 per share, with a total value of $25,580.00. Following the completion of the purchase, the director now directly owns 24,597 shares of the company’s stock, valued at approximately $314,595.63. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 54,784 shares of company stock valued at $645,358. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on FMNB. Janney Montgomery Scott began coverage on Farmers National Banc in a research report on Friday, March 10th. They set a “neutral” rating and a $14.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on Farmers National Banc from $15.00 to $13.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. Finally, StockNews.com began coverage on Farmers National Banc in a research report on Thursday, May 18th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.00.

Farmers National Banc Profile

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Farmers National Banc Corp. is a bank and financial holding company, engaged in the provision of financial and banking services. It operates through following segments: Bank and Trust. The Bank segment consists of commercial and retail banking services including checking accounts, savings accounts, time deposit accounts, and commercial, mortgage and installment loans.