Los Angeles Capital Management LLC Boosts Stake in Farmers National Banc Corp. $FMNB

Los Angeles Capital Management LLC raised its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 193.4% during the 2nd quarter, Holdings Channel reports. The fund owned 45,492 shares of the bank’s stock after purchasing an additional 29,985 shares during the period. Los Angeles Capital Management LLC’s holdings in Farmers National Banc were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FMNB. Corton Capital Inc. bought a new position in shares of Farmers National Banc in the 2nd quarter worth $201,000. Hunter Associates Investment Management LLC raised its holdings in Farmers National Banc by 9.7% in the second quarter. Hunter Associates Investment Management LLC now owns 14,155 shares of the bank’s stock worth $197,000 after purchasing an additional 1,247 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Farmers National Banc by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank’s stock worth $372,000 after purchasing an additional 1,130 shares in the last quarter. CWM LLC lifted its position in shares of Farmers National Banc by 158.8% during the second quarter. CWM LLC now owns 5,267 shares of the bank’s stock valued at $73,000 after buying an additional 3,232 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Farmers National Banc by 7.7% in the 2nd quarter. Inspire Investing LLC now owns 28,294 shares of the bank’s stock worth $390,000 after buying an additional 2,035 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $13.29 on Friday. The firm has a market capitalization of $500.41 million, a P/E ratio of 9.23 and a beta of 0.85. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $13.99 and a 200 day moving average price of $13.85. Farmers National Banc Corp. has a 52 week low of $11.58 and a 52 week high of $16.29.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, October 22nd. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.82%. The company had revenue of $47.74 million for the quarter, compared to the consensus estimate of $48.00 million. Sell-side analysts expect 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 Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.1%. Farmers National Banc’s payout ratio is 47.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Thursday. Zacks Research downgraded Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Farmers National Banc presently has a consensus rating of “Hold” and an average target price of $15.50.

Insider Activity

In other news, Director Edward Muransky bought 73,500 shares of Farmers National Banc stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of $13.59 per share, for a total transaction of $998,865.00. Following the purchase, the director directly owned 110,706 shares of the company’s stock, valued at approximately $1,504,494.54. The trade was a 197.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders.

About Farmers National Banc

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.