Asset Dedication LLC Acquires 8,975 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Asset Dedication LLC grew its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 1,998.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,424 shares of the bank’s stock after acquiring an additional 8,975 shares during the quarter. Asset Dedication LLC’s holdings in Farmers National Banc were worth $134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FMNB. R Squared Ltd purchased a new position in Farmers National Banc in the fourth quarter worth $31,000. Twelve Points Wealth Management LLC lifted its stake in Farmers National Banc by 7.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 62,808 shares of the bank’s stock worth $893,000 after purchasing an additional 4,194 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Farmers National Banc by 2.8% in the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after purchasing an additional 776 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Farmers National Banc by 11.2% during the 4th quarter. SG Americas Securities LLC now owns 15,773 shares of the bank’s stock valued at $224,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Farmers National Banc during the 4th quarter valued at about $559,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FMNB shares. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Farmers National Banc Price Performance

FMNB opened at $13.99 on Friday. 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 1 year low of $11.55 and a 1 year high of $16.32. The stock’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $14.66. The firm has a market cap of $525.88 million, a price-to-earnings ratio of 11.37 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, analysts predict that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

About Farmers National Banc

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.