Invesco Ltd. Boosts Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Invesco Ltd. boosted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 61,649 shares of the bank’s stock after buying an additional 4,895 shares during the period. Invesco Ltd. owned approximately 0.16% of Farmers National Banc worth $877,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FMNB. Barclays PLC boosted its holdings in Farmers National Banc by 330.9% in the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after purchasing an additional 42,951 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Farmers National Banc by 142.8% in the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank’s stock worth $1,151,000 after purchasing an additional 44,783 shares during the period. Farmers Trust Co. grew its position in shares of Farmers National Banc by 5.8% during the 4th quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock valued at $6,267,000 after buying an additional 24,222 shares during the last quarter. Matrix Trust Co raised its position in shares of Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after purchasing an additional 5,733 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Farmers National Banc in the 4th quarter worth about $559,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FMNB has been the subject of a number of research reports. Piper Sandler reduced their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Raymond James reissued an “outperform” rating and issued a $15.00 price target (down previously from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

Insider Buying and Selling

In related news, Director Gina A. Richardson bought 2,334 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the purchase, the director now directly owns 9,896 shares in the company, valued at $136,070. The trade was a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is owned by corporate insiders.

Farmers National Banc Price Performance

NASDAQ FMNB opened at $13.19 on Friday. The firm’s 50 day moving average is $13.06 and its 200-day moving average is $14.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $496.14 million, a PE ratio of 10.81 and a beta of 0.77. Farmers National Banc Corp. has a 12-month low of $11.55 and a 12-month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $44.68 million for the quarter, compared to analyst estimates of $45.10 million. Equities research analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is presently 53.13%.

Farmers National Banc Company 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.