Rhumbline Advisers cut its stake in shares of Farmers National Banc (NASDAQ:FMNB) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,659 shares of the bank’s stock after selling 4,301 shares during the period. Rhumbline Advisers owned about 0.08% of Farmers National Banc worth $334,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Farmers National Banc in the third quarter valued at $165,000. OxFORD Asset Management LLP increased its holdings in Farmers National Banc by 64.2% in the third quarter. OxFORD Asset Management LLP now owns 24,434 shares of the bank’s stock valued at $371,000 after purchasing an additional 9,552 shares during the period. Wells Fargo & Company MN increased its holdings in Farmers National Banc by 19.3% in the third quarter. Wells Fargo & Company MN now owns 30,227 shares of the bank’s stock valued at $455,000 after purchasing an additional 4,898 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Farmers National Banc by 56.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 31,033 shares of the bank’s stock valued at $458,000 after purchasing an additional 11,211 shares during the period. Finally, Bowling Portfolio Management LLC increased its holdings in Farmers National Banc by 30.3% in the fourth quarter. Bowling Portfolio Management LLC now owns 121,977 shares of the bank’s stock valued at $1,799,000 after purchasing an additional 28,394 shares during the period. Institutional investors own 35.14% of the company’s stock.
NASDAQ FMNB opened at $13.95 on Monday. The firm has a market capitalization of $385.59, a P/E ratio of 15.50 and a beta of 0.41. Farmers National Banc has a twelve month low of $12.65 and a twelve month high of $15.95. 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 data on Wednesday, January 31st. The bank reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Farmers National Banc had a return on equity of 10.72% and a net margin of 21.72%. The business had revenue of $25.12 million during the quarter, compared to the consensus estimate of $25.90 million. sell-side analysts anticipate that Farmers National Banc will post 1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were issued a dividend of $0.07 per share. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, March 8th. Farmers National Banc’s dividend payout ratio (DPR) is presently 31.11%.
In other Farmers National Banc news, Director Edward Muransky purchased 6,850 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $14.99 per share, for a total transaction of $102,681.50. Following the acquisition, the director now owns 23,934 shares in the company, valued at approximately $358,770.66. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have acquired 8,212 shares of company stock valued at $121,597. Company insiders own 9.11% of the company’s stock.
FMNB has been the subject of a number of recent research reports. ValuEngine downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Zacks Investment Research upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Sandler O’Neill restated a “hold” rating and issued a $15.00 price objective on shares of Farmers National Banc in a report on Tuesday, March 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price objective on shares of Farmers National Banc in a report on Friday, December 22nd. Finally, Raymond James Financial upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.33.
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Farmers National Banc Company Profile
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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