6 days Ago By ABMN Staff
Vanguard Group Inc. lifted its holdings in Farmers National Banc Corp. ( NASDAQ:FMNB – Free Report ) by 4.
5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,038,771 shares of the bank’s stock after buying an additional 88,392 shares during the period.
Vanguard Group Inc. owned approximately 0.05% of Farmers National Banc worth $28,991,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in Farmers National Banc by 67.7% in the third quarter.
FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares in the last quarter. R Squared Ltd acquired a new position in shares of Farmers National Banc in the 4th quarter valued at $31,000. Matrix Trust Co increased its position in shares of Farmers National Banc by 606.
0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after buying an additional 5,733 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Farmers National Banc during the 4th quarter worth about $95,000.
Finally, BNP Paribas Financial Markets lifted its holdings in Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after purchasing an additional 829 shares in the last quarter.
38.72% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several research firms recently issued reports on FMNB.
StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler cut their target price on Farmers National Banc from $17.
00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Insiders Place Their Bets In related news, Director Gina A.
Richardson acquired 2,334 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost 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 of the company’s stock, valued at $136,070. This trade represents a 30.
86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Ralph D.
Macali sold 14,300 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.
00. Following the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.
60 % decrease in their position. The disclosure for this sale can be found here . 4.
00% of the stock is owned by corporate insiders. Farmers National Banc Stock Up 0.4 % FMNB opened at $11.
97 on Tuesday. Farmers National Banc Corp. has a 52 week low of $11.
55 and a 52 week high of $16.32. The company has a market cap of $450.
25 million, a PE ratio of 9.81 and a beta of 0.77.
The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.
20. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $14.
14. Farmers National Banc ( NASDAQ:FMNB – Get Free Report ) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.
39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05.
Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%.
As a group, research analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current year.
Farmers National Banc Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.17 dividend.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.
68%. Farmers National Banc’s dividend payout ratio is currently 55.74%.
Farmers National Banc Profile ( 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.
Further Reading Want to see what other hedge funds are holding FMNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers National Banc Corp. ( NASDAQ:FMNB – Free Report ).
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