Pacific Ridge Capital Partners LLC lowered its position in Farmers National Banc Corp (NASDAQ:FMNB) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,228 shares of the bank’s stock after selling 26,622 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.83% of Farmers National Banc worth $3,538,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stone Ridge Asset Management LLC acquired a new stake in shares of Farmers National Banc in the third quarter worth about $153,000. Macquarie Group Ltd. acquired a new stake in shares of Farmers National Banc in the second quarter worth about $353,000. Acadian Asset Management LLC lifted its position in shares of Farmers National Banc by 245.8% in the second quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock worth $354,000 after buying an additional 15,737 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Farmers National Banc in the second quarter worth about $384,000. Finally, Van Hulzen Asset Management LLC lifted its position in shares of Farmers National Banc by 23.3% in the second quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock worth $387,000 after buying an additional 4,590 shares during the last quarter. Hedge funds and other institutional investors own 35.83% of the company’s stock.
In other Farmers National Banc news, Director Edward Muransky acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average price of $13.29 per share, with a total value of $39,870.00. Following the transaction, the director now owns 20,246 shares of the company’s stock, valued at $269,069.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 3,972 shares of company stock valued at $73,013 in the last three months. 9.11% of the stock is owned by insiders.
NASDAQ FMNB opened at $12.85 on Friday. Farmers National Banc Corp has a twelve month low of $12.55 and a twelve month 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. The stock has a market cap of $356.38 million, a P/E ratio of 11.56 and a beta of 0.67.
Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Farmers National Banc had a return on equity of 12.61% and a net margin of 25.71%. The business had revenue of $26.40 million during the quarter, compared to analysts’ expectations of $26.80 million. As a group, analysts expect that Farmers National Banc Corp will post 1.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.49%. Farmers National Banc’s dividend payout ratio is presently 35.56%.
A number of analysts have weighed in on FMNB shares. Raymond James reduced their price target on Farmers National Banc from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, BidaskClub raised Farmers National Banc from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Farmers National Banc currently has a consensus rating of “Hold” and an average price target of $17.00.
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, credit card, brokerage, and other services.
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