Franklin Resources Inc. Decreases Stake in Farmers National Banc Corp. (NASDAQ:FMNB)

Franklin Resources Inc. decreased its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 13.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,437 shares of the bank’s stock after selling 1,780 shares during the period. Franklin Resources Inc.’s holdings in Farmers National Banc were worth $163,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FMNB. Inspire Investing LLC grew its position in Farmers National Banc by 2.8% in the fourth quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock valued at $398,000 after acquiring an additional 776 shares in the last quarter. FMR LLC grew its holdings in Farmers National Banc by 67.7% during the 3rd 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. SG Americas Securities LLC increased its stake in Farmers National Banc by 11.2% during the 4th quarter. SG Americas Securities LLC now owns 15,773 shares of the bank’s stock worth $224,000 after buying an additional 1,590 shares during the period. Rhumbline Advisers lifted its holdings in Farmers National Banc by 3.7% in the 4th quarter. Rhumbline Advisers now owns 56,491 shares of the bank’s stock worth $803,000 after buying an additional 2,025 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Farmers National Banc in the 4th quarter valued at about $31,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Farmers National Banc Trading Up 2.1 %

NASDAQ FMNB opened at $12.70 on Friday. The company has a market capitalization of $477.71 million, a price-to-earnings ratio of 10.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The company’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $14.08.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. The business had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.10 million. As a group, research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Friday, March 14th. Farmers National Banc’s dividend payout ratio is currently 53.13%.

Insider Buying and Selling

In other Farmers National Banc news, Director Gina A. Richardson acquired 2,334 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $13.75 per share, with a total value of $32,092.50. Following the transaction, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. This represents a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the transaction, the director now directly owns 48,983 shares in the company, valued at $685,762. This represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Farmers National Banc Profile

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.