Trexquant Investment LP Lowers Holdings in Farmers National Banc Corp. $FMNB

Trexquant Investment LP trimmed its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,832 shares of the bank’s stock after selling 11,784 shares during the quarter. Trexquant Investment LP owned 0.06% of Farmers National Banc worth $298,000 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 raised its holdings in shares of Farmers National Banc by 105.1% in the 1st quarter. CWM LLC now owns 2,035 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,043 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Farmers National Banc by 1,852.1% in the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank’s stock valued at $31,000 after purchasing an additional 2,241 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Farmers National Banc by 61.2% in the 1st quarter. Matrix Trust Co now owns 10,765 shares of the bank’s stock valued at $140,000 after purchasing an additional 4,086 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Farmers National Banc in the 4th quarter valued at about $146,000. Finally, Asset Dedication LLC raised its holdings in shares of Farmers National Banc by 33.5% in the 1st quarter. Asset Dedication LLC now owns 12,583 shares of the bank’s stock valued at $164,000 after purchasing an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Down 1.3%

NASDAQ:FMNB opened at $14.88 on Wednesday. The firm has a market cap of $560.23 million, a P/E ratio of 11.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc Corp. has a one year low of $11.58 and a one year high of $16.29. The firm has a 50-day simple moving average of $14.25 and a 200-day simple moving average of $13.56.

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

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.6%. 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.