AE Wealth Management LLC Makes New Investment in Farmers National Banc Corp. (NASDAQ:FMNB)

AE Wealth Management LLC acquired a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,161 shares of the bank’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Farmers National Banc by 1.6% in the second quarter. Commonwealth Equity Services LLC now owns 58,344 shares of the bank’s stock valued at $875,000 after buying an additional 947 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Farmers National Banc by 177.1% during the first quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,022 shares in the last quarter. Accel Wealth Management raised its position in shares of Farmers National Banc by 9.8% in the 2nd quarter. Accel Wealth Management now owns 12,608 shares of the bank’s stock valued at $189,000 after purchasing an additional 1,123 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Farmers National Banc by 0.4% in the 2nd quarter. Kennedy Capital Management Inc. now owns 325,359 shares of the bank’s stock valued at $4,880,000 after purchasing an additional 1,217 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Farmers National Banc by 12.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,850 shares of the bank’s stock worth $208,000 after purchasing an additional 1,514 shares in the last quarter. Hedge funds and other institutional investors own 38.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FMNB shares. Raymond James lowered shares of Farmers National Banc from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. StockNews.com downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. Finally, Piper Sandler lifted their price target on Farmers National Banc from $14.50 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 6th.

Farmers National Banc Stock Performance

FMNB opened at $13.99 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. Farmers National Banc Corp. has a 12-month low of $12.41 and a 12-month high of $19.19. The firm has a 50 day moving average of $14.60 and a two-hundred day moving average of $14.30. The firm has a market capitalization of $476.50 million, a PE ratio of 8.85 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNBGet Rating) last issued its earnings results on Wednesday, October 26th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $40.61 million during the quarter, compared to analysts’ expectations of $41.80 million. Farmers National Banc had a net margin of 29.22% and a return on equity of 18.18%. On average, analysts anticipate that Farmers National Banc Corp. will post 1.92 EPS for the current year.

Farmers National Banc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were paid a $0.17 dividend. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, December 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.86%. Farmers National Banc’s dividend payout ratio is presently 43.04%.

About Farmers National Banc

(Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

Recommended Stories

Want to see what other hedge funds are holding FMNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers National Banc Corp. (NASDAQ:FMNBGet Rating).

Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

Receive News & Ratings for Farmers National Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc and related companies with MarketBeat.com's FREE daily email newsletter.