Barclays PLC trimmed its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB – Free Report) by 44.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,420 shares of the bank’s stock after selling 21,249 shares during the period. Barclays PLC owned 0.07% of Farmers National Banc worth $334,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in 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 purchasing an additional 1,022 shares during the period. Citigroup Inc. boosted its holdings in shares of Farmers National Banc by 147.3% in the fourth quarter. Citigroup Inc. now owns 2,038 shares of the bank’s stock worth $29,000 after acquiring an additional 1,214 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Farmers National Banc by 179.6% in the fourth quarter. Harbour Investments Inc. now owns 3,355 shares of the bank’s stock worth $47,000 after acquiring an additional 2,155 shares during the period. JFS Wealth Advisors LLC bought a new position in shares of Farmers National Banc in the first quarter worth $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Farmers National Banc in the fourth quarter worth $77,000. 38.84% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Farmers National Banc in a report on Thursday, August 17th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.33.
Farmers National Banc Price Performance
Farmers National Banc stock opened at $12.74 on Thursday. The firm has a market capitalization of $477.62 million, a P/E ratio of 8.85 and a beta of 0.83. Farmers National Banc Corp. has a one year low of $10.82 and a one year high of $15.46. The business has a fifty day moving average price of $13.06 and a 200-day moving average price of $12.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.71.
Farmers National Banc (NASDAQ:FMNB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $62.25 million for the quarter, compared to the consensus estimate of $46.87 million. Farmers National Banc had a net margin of 23.60% and a return on equity of 19.12%. As a group, equities research analysts forecast that Farmers National Banc Corp. will post 1.57 EPS for the current year.
Farmers National Banc Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend is Thursday, September 7th. Farmers National Banc’s dividend payout ratio is 47.22%.
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.
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