BlackRock Inc. lifted its holdings in Farmers National Banc Corp (NASDAQ:FMNB) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,436,794 shares of the bank’s stock after buying an additional 83,906 shares during the period. BlackRock Inc. owned about 5.17% of Farmers National Banc worth $18,305,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of Farmers National Banc by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 56,863 shares of the bank’s stock worth $724,000 after buying an additional 1,272 shares during the period. Ramsey Quantitative Systems boosted its position in shares of Farmers National Banc by 29.4% in the fourth quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock worth $118,000 after buying an additional 2,113 shares during the period. Bowling Portfolio Management LLC boosted its position in shares of Farmers National Banc by 4.4% in the fourth quarter. Bowling Portfolio Management LLC now owns 73,727 shares of the bank’s stock worth $939,000 after buying an additional 3,116 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of Farmers National Banc by 52.1% in the third quarter. MetLife Investment Advisors LLC now owns 20,409 shares of the bank’s stock worth $312,000 after buying an additional 6,995 shares during the period. Finally, Rhumbline Advisers boosted its position in Farmers National Banc by 42.2% during the fourth quarter. Rhumbline Advisers now owns 35,758 shares of the bank’s stock valued at $456,000 after purchasing an additional 10,607 shares during the last quarter. 36.73% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Kevin J. Helmick bought 2,861 shares of the business’s stock in a transaction on Monday, March 25th. The shares were bought at an average cost of $12.94 per share, for a total transaction of $37,021.34. Following the completion of the acquisition, the chief executive officer now directly owns 70,072 shares in the company, valued at $906,731.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have acquired 3,982 shares of company stock worth $52,409. Corporate insiders own 8.66% of the company’s stock.
FMNB opened at $14.02 on Tuesday. The firm has a market cap of $391.56 million, a P/E ratio of 12.19 and a beta of 0.78. Farmers National Banc Corp has a 1 year low of $11.56 and a 1 year high of $16.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.02.
Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 30th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $26.78 million during the quarter, compared to analysts’ expectations of $27.21 million. Farmers National Banc had a return on equity of 12.97% and a net margin of 27.77%. As a group, analysts predict that Farmers National Banc Corp will post 1.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.09 per share. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 7th. Farmers National Banc’s dividend payout ratio (DPR) is 31.30%.
A number of analysts recently issued reports on FMNB shares. ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. BidaskClub raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Boenning Scattergood started coverage on Farmers National Banc in a research report on Tuesday, December 18th. They set an “outperform” rating and a $14.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.88.
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Farmers National Banc 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, MasterCard and Visa credit cards, brokerage, and other services.
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