Price T Rowe Associates Inc. MD Acquires 1,995 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 17.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,724 shares of the bank’s stock after purchasing an additional 1,995 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Farmers National Banc were worth $196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMNB. JPMorgan Chase & Co. lifted its stake in Farmers National Banc by 142.8% during 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 last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Farmers National Banc during the fourth quarter worth $559,000. SG Americas Securities LLC grew its stake in shares of Farmers National Banc by 11.2% during the fourth 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 last quarter. Inspire Investing LLC grew its stake in shares of Farmers National Banc by 2.8% during the fourth quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after buying an additional 776 shares during the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in shares of Farmers National Banc by 7.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 62,808 shares of the bank’s stock worth $893,000 after buying an additional 4,194 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Insider Activity at Farmers National Banc

In related news, Director Gina A. Richardson acquired 2,334 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were purchased 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 owns 9,896 shares of the company’s stock, valued at approximately $136,070. This trade represents a 30.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FMNB shares. Piper Sandler decreased their target price on shares of 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. Raymond James reissued an “outperform” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $13.71 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32. The stock has a market cap of $515.70 million, a price-to-earnings ratio of 11.24 and a beta of 0.80. The company’s fifty day moving average is $12.95 and its 200 day moving average is $13.92.

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. The company had revenue of $44.68 million for the quarter, compared to analysts’ expectations of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Sell-side analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.17 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 4.96%. Farmers National Banc’s payout ratio is 53.13%.

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.