Farmers National Banc Corp. $FMNB Stock Position Reduced by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,077 shares of the bank’s stock after selling 1,840 shares during the period. Wellington Management Group LLP owned 0.28% of Farmers National Banc worth $1,397,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Farmers National Banc by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank’s stock worth $16,468,000 after purchasing an additional 60,514 shares during the last quarter. Farmers Trust Co. lifted its holdings in shares of Farmers National Banc by 25.2% in the 1st quarter. Farmers Trust Co. now owns 551,750 shares of the bank’s stock worth $7,200,000 after purchasing an additional 111,008 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Farmers National Banc by 2.4% in the 4th quarter. Northern Trust Corp now owns 346,938 shares of the bank’s stock worth $4,933,000 after purchasing an additional 8,049 shares during the last quarter. Nuveen LLC bought a new stake in shares of Farmers National Banc in the 1st quarter worth approximately $1,144,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of Farmers National Banc by 16.5% in the 4th quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank’s stock worth $1,233,000 after purchasing an additional 12,300 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Up 0.1%

Shares of NASDAQ FMNB opened at $15.18 on Monday. The company has a market cap of $571.53 million, a price-to-earnings ratio of 11.33 and a beta of 0.85. Farmers National Banc Corp. has a 12-month low of $11.58 and a 12-month high of $16.29. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $14.04 and its 200 day simple moving average is $13.52.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%.The business had revenue of $47.04 million for the quarter, compared to the consensus estimate of $46.55 million. Equities research 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, September 12th. Farmers National Banc’s dividend payout ratio (DPR) is currently 50.75%.

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.