Intech Investment Management LLC Acquires Shares of 15,682 Farmers National Banc Corp. (NASDAQ:FMNB)

Intech Investment Management LLC bought a new position in Farmers National Banc Corp. (NASDAQ:FMNB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,682 shares of the bank’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently modified their holdings of FMNB. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Farmers National Banc by 93.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after purchasing an additional 40,367 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Farmers National Banc by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after buying an additional 2,241 shares in the last quarter. FMR LLC grew its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Farmers National Banc in the 3rd quarter worth approximately $157,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares of the company’s stock, valued at $685,762. The trade was a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gina A. Richardson bought 2,334 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares of the company’s stock, valued at $136,070. This represents a 30.86 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on FMNB shares. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler reduced their price objective on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd.

Farmers National Banc Price Performance

NASDAQ FMNB opened at $12.93 on Thursday. The stock has a market capitalization of $486.36 million, a price-to-earnings ratio of 10.60 and a beta of 0.86. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average price is $13.77 and its 200-day moving average price is $14.41.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.26%. Farmers National Banc’s dividend payout ratio (DPR) is 55.74%.

Farmers National Banc Company 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.