WINTON GROUP Ltd Acquires Shares of 76,774 Farmers National Banc Corp. $FMNB

WINTON GROUP Ltd acquired a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 76,774 shares of the bank’s stock, valued at approximately $1,121,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock worth $364,000 after acquiring an additional 13,548 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the last quarter. Empowered Funds LLC boosted its stake in Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after purchasing an additional 12,735 shares during the last quarter. Jane Street Group LLC acquired a new position in Farmers National Banc during the 1st quarter valued at about $830,000. Finally, Legal & General Group Plc increased its holdings in Farmers National Banc by 18.2% during the 2nd quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock worth $503,000 after purchasing an additional 5,612 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $15.74 on Monday. Farmers National Banc Corp. has a fifty-two week low of $12.12 and a fifty-two week high of $16.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $14.35. The stock has a market cap of $932.60 million, a PE ratio of 10.71 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The firm had revenue of $70.44 million during the quarter, compared to analyst estimates of $70.10 million. Research analysts predict that Farmers National Banc Corp. will post 1.68 EPS for the current fiscal year.

Farmers National Banc Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.18 dividend. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. Farmers National Banc’s dividend payout ratio is currently 48.98%.

Analyst Upgrades and Downgrades

FMNB has been the subject of several analyst reports. Wall Street Zen raised Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Sunday, August 30th. Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In related news, Director Michael Voinovich sold 23,309 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Wenick sold 5,000 shares of Farmers National Banc stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the sale, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

About Farmers National Banc

Farmers National Banc Corp. (NASDAQ: FMNB) is a bank holding company headquartered in Canfield, Ohio. The company traces its roots to 1887 and operates primarily through Farmers National Bank, a community banking institution serving businesses, individuals and organizations in northeastern Ohio and western Pennsylvania.

Farmers National Bank provides deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services.