D.A. Davidson & CO. Sells 4,293 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

D.A. Davidson & CO. cut its holdings in Farmers National Banc Corp. (NASDAQ:FMNBFree Report) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,558 shares of the bank’s stock after selling 4,293 shares during the period. D.A. Davidson & CO. owned 0.06% of Farmers National Banc worth $326,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings in Farmers National Banc by 380.4% in the 3rd quarter. Clearstead Advisors LLC now owns 17,810 shares of the bank’s stock valued at $206,000 after purchasing an additional 14,103 shares during the period. Hunter Associates Investment Management LLC grew its position in Farmers National Banc by 9.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock worth $216,000 after buying an additional 1,282 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Farmers National Banc by 14.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,378 shares of the bank’s stock worth $236,000 after acquiring an additional 2,650 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Farmers National Banc by 46.3% in the 4th quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock valued at $243,000 after acquiring an additional 5,320 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Farmers National Banc by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 20,552 shares of the bank’s stock valued at $297,000 after acquiring an additional 4,293 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $12.00 on Friday. The company has a market capitalization of $450.60 million, a P/E ratio of 8.28 and a beta of 0.86. Farmers National Banc Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $14.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $13.13.

Farmers National Banc (NASDAQ:FMNBGet Free Report) last posted its earnings results on Wednesday, April 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $40.04 million for the quarter, compared to analysts’ expectations of $42.46 million. Farmers National Banc had a return on equity of 15.68% and a net margin of 21.05%. Analysts expect that Farmers National Banc Corp. will post 1.32 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Friday, June 14th. Farmers National Banc’s payout ratio is 46.90%.

Analyst Ratings Changes

Separately, Piper Sandler initiated coverage on shares of Farmers National Banc in a report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.33.

Check Out Our Latest Analysis on Farmers National Banc

Farmers National Banc Profile

(Free Report)

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.

Featured Stories

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.