Vanguard Group Inc. Has $23.28 Million Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Vanguard Group Inc. lifted its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,014,145 shares of the bank’s stock after buying an additional 17,881 shares during the period. Vanguard Group Inc. owned about 5.37% of Farmers National Banc worth $23,284,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. grew its position in Farmers National Banc by 3.8% during the 3rd quarter. Alliancebernstein L.P. now owns 19,300 shares of the bank’s stock worth $253,000 after acquiring an additional 700 shares during the last quarter. California State Teachers Retirement System grew its position in Farmers National Banc by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 45,644 shares of the bank’s stock worth $565,000 after acquiring an additional 803 shares during the last quarter. Harbour Investments Inc. grew its position in Farmers National Banc by 9.4% during the 3rd quarter. Harbour Investments Inc. now owns 10,355 shares of the bank’s stock worth $120,000 after acquiring an additional 891 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Farmers National Banc by 177.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank’s stock worth $28,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in Farmers National Banc by 0.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 147,560 shares of the bank’s stock worth $1,706,000 after acquiring an additional 1,200 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Stock Down 0.7 %

NASDAQ:FMNB opened at $12.03 on Friday. Farmers National Banc Corp. has a 12-month low of $10.38 and a 12-month high of $14.75. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $451.73 million, a P/E ratio of 8.98 and a beta of 0.84. The stock’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $12.91.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Farmers National Banc had a return on equity of 16.91% and a net margin of 19.57%. The business had revenue of $44.99 million for the quarter, compared to analyst estimates of $43.65 million. Equities research analysts expect that Farmers National Banc Corp. will post 1.3 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 5.65%. Farmers National Banc’s dividend payout ratio is currently 50.75%.

Analyst Ratings Changes

FMNB has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Farmers National Banc in a research report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price target on the stock. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Raymond James upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Friday, January 5th. Finally, Keefe, Bruyette & Woods increased their price objective on Farmers National Banc from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.33.

Insider Transactions at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 4,004 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.21, for a total value of $56,896.84. Following the transaction, the executive vice president now directly owns 33,157 shares in the company, valued at approximately $471,160.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 1,528 shares of company stock worth $21,180 in the last three months. Insiders own 4.00% of the company’s stock.

Farmers National Banc Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. 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, brokerage, and other services.