True Wealth Design LLC Has $39,000 Stock Position in Farmers National Banc Corp. (NASDAQ:FMNB)

True Wealth Design LLC reduced its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 32.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,581 shares of the bank’s stock after selling 1,225 shares during the quarter. True Wealth Design LLC’s holdings in Farmers National Banc were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after buying an additional 40,367 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Farmers National Banc in the 3rd quarter valued at approximately $311,000. Farmers Trust Co. boosted its position in shares of Farmers National Banc by 5.0% during the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after purchasing an additional 19,778 shares in the last quarter. Busey Bank bought a new position in Farmers National Banc during the second quarter worth about $224,000. Finally, SG Americas Securities LLC acquired a new position in shares of Farmers National Banc in the 3rd quarter valued at approximately $214,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $15.65 on Monday. The stock’s fifty day moving average price is $14.86 and its two-hundred day moving average price is $14.07. The firm has a market cap of $588.28 million, a PE ratio of 12.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, research analysts expect that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FMNB shares. Piper Sandler reiterated a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a report on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.67.

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.