Kennedy Capital Management Inc. raised its holdings in Farmers National Banc (NASDAQ:FMNB) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,612 shares of the bank’s stock after purchasing an additional 24,533 shares during the quarter. Kennedy Capital Management Inc. owned 0.62% of Farmers National Banc worth $2,502,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its position in Farmers National Banc by 19.3% during the 3rd quarter. Wells Fargo & Company MN now owns 30,227 shares of the bank’s stock worth $455,000 after purchasing an additional 4,898 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Farmers National Banc by 41.4% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 20,135 shares of the bank’s stock worth $303,000 after acquiring an additional 5,895 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Farmers National Banc by 60.0% in the 4th quarter. SG Americas Securities LLC now owns 17,586 shares of the bank’s stock worth $259,000 after acquiring an additional 6,592 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Farmers National Banc by 3.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 237,958 shares of the bank’s stock worth $3,510,000 after acquiring an additional 7,410 shares in the last quarter. Finally, Farmers Trust Co. raised its position in shares of Farmers National Banc by 3.8% in the 4th quarter. Farmers Trust Co. now owns 249,308 shares of the bank’s stock worth $3,678,000 after acquiring an additional 9,049 shares in the last quarter. 35.14% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Edward Muransky acquired 6,850 shares of the stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $14.99 per share, with a total value of $102,681.50. Following the completion of the purchase, the director now owns 23,934 shares in the company, valued at approximately $358,770.66. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 8,212 shares of company stock valued at $121,597. Insiders own 9.11% of the company’s stock.
Several brokerages have recently commented on FMNB. ValuEngine upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 target price on shares of Farmers National Banc in a research report on Friday, December 22nd. Sandler O’Neill reaffirmed a “hold” rating and issued a $15.00 price target on shares of Farmers National Banc in a report on Tuesday, March 27th. Finally, Raymond James Financial raised shares of Farmers National Banc from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Farmers National Banc has an average rating of “Hold” and a consensus price target of $16.33.
Shares of FMNB traded down $0.40 during mid-day trading on Friday, reaching $13.95. 30,973 shares of the stock traded hands, compared to its average volume of 37,109. Farmers National Banc has a 1 year low of $12.65 and a 1 year high of $15.95. The firm has a market capitalization of $392.50, a P/E ratio of 15.50 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.86 and a quick ratio of 0.86.
Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Farmers National Banc had a net margin of 21.72% and a return on equity of 10.72%. The business had revenue of $25.12 million during the quarter, compared to analyst estimates of $25.90 million. analysts expect that Farmers National Banc will post 1.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.01%. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 8th. Farmers National Banc’s dividend payout ratio is 31.11%.
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About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.
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