Demming Financial Services Corp ADV Takes Position in Farmers National Banc Corp. $FMNB

Demming Financial Services Corp ADV bought a new position in Farmers National Banc Corp. (NASDAQ:FMNB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,491 shares of the bank’s stock, valued at approximately $796,000. Farmers National Banc comprises 0.6% of Demming Financial Services Corp ADV’s holdings, making the stock its 15th biggest holding. Demming Financial Services Corp ADV owned approximately 0.16% of Farmers National Banc as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMNB. Amarillo National Bank purchased a new position in Farmers National Banc during the first quarter valued at approximately $184,000. SG Americas Securities LLC grew its stake in shares of Farmers National Banc by 6.4% during the 1st quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after purchasing an additional 920 shares during the period. Hsbc Holdings PLC grew its stake in shares of Farmers National Banc by 45.9% during the 4th quarter. Hsbc Holdings PLC now owns 26,879 shares of the bank’s stock worth $358,000 after purchasing an additional 8,461 shares during the period. Empowered Funds LLC increased its holdings in shares of Farmers National Banc by 109.2% during the 4th quarter. Empowered Funds LLC now owns 143,728 shares of the bank’s stock valued at $1,914,000 after purchasing an additional 75,009 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Farmers National Banc during the 4th quarter valued at approximately $439,000. 38.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FMNB has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Piper Sandler increased their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.00.

Insider Transactions at Farmers National Banc

In other news, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.50% of the stock is currently owned by insiders.

Farmers National Banc Stock Up 1.0%

Farmers National Banc stock opened at $14.39 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $852.18 million, a PE ratio of 9.92 and a beta of 0.76. The business has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $13.63. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $56.26 million for the quarter, compared to analyst estimates of $55.30 million. On average, analysts anticipate that Farmers National Banc Corp. will post 1.62 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.