Bank of America Corp DE Has $809,000 Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Bank of America Corp DE raised its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 42.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,883 shares of the bank’s stock after buying an additional 16,926 shares during the quarter. Bank of America Corp DE owned 0.15% of Farmers National Banc worth $809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $36,000. Huntington National Bank raised its stake in Farmers National Banc by 41.2% during the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,000 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Farmers National Banc in the 4th quarter valued at $95,000. Intellus Advisors LLC acquired a new stake in Farmers National Banc in the 4th quarter worth $163,000. Finally, Everhart Financial Group Inc. bought a new position in shares of Farmers National Banc during the 4th quarter worth about $164,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Ratings Changes

Separately, 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 report on Monday, April 21st.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $13.27 on Monday. The firm has a market capitalization of $499.15 million, a price-to-earnings ratio of 10.88 and a beta of 0.81. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The business has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $13.72. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 earnings per share (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 analysts’ expectations of $45.10 million. Sell-side analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, June 13th. Farmers National Banc’s dividend payout ratio is 53.13%.

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.