Renaissance Technologies LLC Sells 6,944 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Renaissance Technologies LLC decreased its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,484 shares of the bank’s stock after selling 6,944 shares during the period. Renaissance Technologies LLC owned about 0.10% of Farmers National Banc worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Farmers National Banc in the 4th quarter valued at $31,000. Huntington National Bank boosted its stake in Farmers National Banc by 41.2% in the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock valued at $49,000 after buying an additional 1,000 shares in the last quarter. Matrix Trust Co grew its position in Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after acquiring an additional 5,733 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Farmers National Banc during the fourth quarter worth about $95,000. Finally, Asset Dedication LLC lifted its holdings in shares of Farmers National Banc by 1,998.9% in the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock worth $134,000 after acquiring an additional 8,975 shares during the last quarter. 38.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $13.44 on Friday. The stock’s 50-day moving average is $13.04 and its 200-day moving average is $13.98. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $505.55 million, a P/E ratio of 11.02 and a beta of 0.80.

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

Farmers National Banc Announces Dividend

The business also recently announced 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 yield of 5.06%. The ex-dividend date was Friday, March 14th. Farmers National Banc’s dividend payout ratio is currently 53.13%.

Insiders Place Their Bets

In other news, Director Gina A. Richardson bought 2,334 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.