Jane Street Group LLC Sells 10,245 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Jane Street Group LLC decreased its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 27.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,386 shares of the bank’s stock after selling 10,245 shares during the period. Jane Street Group LLC owned about 0.07% of Farmers National Banc worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after purchasing an additional 835 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Farmers National Banc in the third quarter worth $148,000. PEAK6 Investments LLC purchased a new position in Farmers National Banc in the 3rd quarter worth $157,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $13.38 on Wednesday. The stock has a market capitalization of $502.93 million, a P/E ratio of 10.88 and a beta of 0.86. The company’s fifty day moving average price is $14.96 and its 200 day moving average price is $14.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc Corp. has a 1 year low of $11.55 and a 1 year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. As a group, equities research analysts anticipate that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.08%. Farmers National Banc’s payout ratio is currently 55.28%.

Analysts Set New Price Targets

FMNB has been the topic of several analyst reports. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler restated a “neutral” rating and set a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st.

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.