19 hours Ago By Defense World Staff
Empowered Funds LLC boosted its stake in Farmers National Banc Corp. ( NASDAQ:FMNB – Free Report ) by 137.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 25,323 shares of the bank’s stock after purchasing an additional 14,651 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of Farmers National Banc worth $360,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in FMNB. State Street Corp boosted its position in shares of Farmers National Banc by 3.5% in the third quarter.
State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after acquiring an additional 28,499 shares during the period. Geode Capital Management LLC lifted its stake in Farmers National Banc by 5.5% in the 3rd quarter.
Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after purchasing an additional 44,349 shares in the last quarter. Farmers Trust Co. boosted its holdings in Farmers National Banc by 5.
8% in the 4th quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock valued at $6,267,000 after purchasing an additional 24,222 shares during the period.
Rosenthal Henry Capital Advisors Inc. grew its position in shares of Farmers National Banc by 2.1% during the 3rd quarter.
Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc.
increased its holdings 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 purchasing an additional 2,241 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.
Analyst Upgrades and Downgrades FMNB has been the subject of several research analyst reports. Piper Sandler dropped their price objective on Farmers National Banc from $17.00 to $16.
00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.
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 that occurred on Friday, January 31st. The shares were sold at an average price of $14.
00, for a total value of $200,200.00. Following the completion of the sale, the director now directly owns 48,983 shares in the company, valued at approximately $685,762.
The trade was a 22.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Company insiders own 4.00% of the company’s stock. Farmers National Banc Stock Performance Farmers National Banc stock opened at $14.
47 on Friday. Farmers National Banc Corp. has a fifty-two week low of $11.
55 and a fifty-two week high of $16.32. The firm’s fifty day moving average price is $13.
98 and its 200-day moving average price is $14.57. The stock has a market cap of $543.
93 million, a P/E ratio of 11.86 and a beta of 0.86.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.
74. Farmers National Banc ( NASDAQ:FMNB – Get Free Report ) last released its quarterly 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 research analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.
Farmers National Banc Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.17 dividend.
This represents a $0.68 annualized dividend and a yield of 4.70%.
The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc’s dividend payout ratio is currently 55.74%.
About Farmers National Banc ( Free Report ) 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.
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