10,254 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by ProShare Advisors LLC

ProShare Advisors LLC bought a new stake in Farmers National Banc Corp. (NASDAQ:FMNB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,254 shares of the bank’s stock, valued at approximately $146,000.

A number of other hedge funds have also made changes to their positions in FMNB. R Squared Ltd acquired a new stake in Farmers National Banc in the 4th quarter valued at about $31,000. Aquatic Capital Management LLC acquired a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $36,000. Huntington National Bank increased its stake in shares of Farmers National Banc by 41.2% during the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock worth $49,000 after purchasing an additional 1,000 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Farmers National Banc during the 4th quarter worth approximately $95,000. Finally, Intellus Advisors LLC purchased a new stake in Farmers National Banc in the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FMNB. 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 report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating and set a $15.00 price objective (down previously from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

Insider Activity

In other Farmers National Banc news, Director Gina A. Richardson bought 2,334 shares of Farmers National Banc 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 acquisition, the director now owns 9,896 shares of the company’s stock, valued at $136,070. The trade was a 30.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Farmers National Banc Trading Down 1.1%

Shares of FMNB opened at $13.08 on Tuesday. The company has a market capitalization of $492.00 million, a PE ratio of 10.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current 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 stock has a fifty day moving average of $12.99 and a two-hundred day moving average of $13.78.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $45.10 million. As a group, analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, June 13th. Farmers National Banc’s dividend payout ratio is currently 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.