HBK Sorce Advisory LLC Lowers Position in Farmers National Banc Corp. (NASDAQ:FMNB)

HBK Sorce Advisory LLC lowered its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,161 shares of the bank’s stock after selling 1,500 shares during the period. HBK Sorce Advisory LLC owned about 0.13% of Farmers National Banc worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FMNB. Bank of New York Mellon Corp boosted its holdings in Farmers National Banc by 59.2% during the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock worth $4,486,000 after buying an additional 117,384 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Farmers National Banc by 142.8% during the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank’s stock worth $1,151,000 after buying an additional 44,783 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Farmers National Banc by 5.5% during the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after buying an additional 44,349 shares in the last quarter. Barclays PLC boosted its holdings in Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock worth $845,000 after buying an additional 42,951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Insider Activity

In other news, Director Gina A. Richardson acquired 2,334 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $13.75 per share, with a total value of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. This represents a 30.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. This represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Farmers National Banc Stock Up 0.3 %

Shares of NASDAQ FMNB opened at $13.14 on Friday. Farmers National Banc Corp. has a 12-month low of $11.55 and a 12-month high of $16.32. The company has a market capitalization of $494.26 million, a PE ratio of 10.77 and a beta of 0.86. 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 firm’s 50-day moving average is $13.79 and its two-hundred day moving average is $14.54.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Equities analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Friday, March 14th. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Analyst Ratings Changes

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

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.