87,625 Shares in Farmers National Banc Corp. $FMNB Acquired by Nuveen LLC

Nuveen LLC acquired a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 87,625 shares of the bank’s stock, valued at approximately $1,144,000. Nuveen LLC owned approximately 0.23% of Farmers National Banc at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FMNB. CWM LLC increased its position in Farmers National Banc by 105.1% during the 1st quarter. CWM LLC now owns 2,035 shares of the bank’s stock worth $27,000 after purchasing an additional 1,043 shares in the last quarter. GAMMA Investing LLC increased its position in Farmers National Banc by 1,852.1% during the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank’s stock worth $31,000 after purchasing an additional 2,241 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Farmers National Banc during the 4th quarter worth approximately $36,000. Matrix Trust Co increased its position in Farmers National Banc by 61.2% during the 1st quarter. Matrix Trust Co now owns 10,765 shares of the bank’s stock worth $140,000 after purchasing an additional 4,086 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Farmers National Banc during the 4th quarter worth approximately $146,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Price Performance

FMNB stock opened at $15.18 on Tuesday. The company has a 50 day simple moving average of $14.08 and a 200 day simple moving average of $13.53. The stock 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 1 year low of $11.58 and a 1 year high of $16.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.02%. The business had revenue of $47.04 million during the quarter, compared to analysts’ expectations of $46.55 million. Research analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 12th. Farmers National Banc’s payout ratio is presently 50.75%.

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.