Alliancebernstein L.P. Has $477,000 Stock Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Alliancebernstein L.P. cut its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,570 shares of the bank’s stock after selling 2,820 shares during the quarter. Alliancebernstein L.P. owned approximately 0.09% of Farmers National Banc worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMNB. JPMorgan Chase & Co. lifted its holdings in shares of Farmers National Banc by 100.5% in the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank’s stock worth $2,170,000 after acquiring an additional 76,496 shares during the last quarter. Vanguard Group Inc. increased its position in Farmers National Banc by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock worth $28,991,000 after purchasing an additional 88,392 shares in the last quarter. LPL Financial LLC lifted its stake in Farmers National Banc by 454.0% in the 4th quarter. LPL Financial LLC now owns 146,615 shares of the bank’s stock valued at $2,085,000 after purchasing an additional 120,150 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Farmers National Banc in the fourth quarter valued at approximately $95,000. Finally, Intellus Advisors LLC acquired a new stake in Farmers National Banc in the fourth quarter valued at approximately $163,000. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Up 2.1 %

FMNB opened at $12.70 on Monday. 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 fifty-two week low of $11.55 and a fifty-two week high of $16.32. The company’s 50 day moving average price is $13.28 and its two-hundred day moving average price is $14.08. The firm has a market capitalization of $477.71 million, a price-to-earnings ratio of 10.41 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. The company had revenue of $44.68 million for the quarter, compared to analysts’ expectations 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 year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 of this dividend was Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is presently 53.13%.

Analysts Set New Price Targets

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

Insider Transactions at Farmers National Banc

In related news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares of the company’s stock, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gina A. Richardson acquired 2,334 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. The trade was a 30.86 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company’s stock.

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.