Inspire Investing LLC Trims Stock Position in Farmers National Banc Corp. $FMNB

Inspire Investing LLC trimmed its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,259 shares of the bank’s stock after selling 1,753 shares during the quarter. Inspire Investing LLC owned about 0.07% of Farmers National Banc worth $343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FMNB. Hotchkis & Wiley Capital Management LLC acquired a new position in Farmers National Banc in the 1st quarter valued at about $1,908,000. Farmers Trust Co. boosted its holdings in Farmers National Banc by 25.2% in the 1st quarter. Farmers Trust Co. now owns 551,750 shares of the bank’s stock valued at $7,200,000 after purchasing an additional 111,008 shares during the last quarter. Nuveen LLC acquired a new position in Farmers National Banc in the 1st quarter valued at about $1,144,000. Jane Street Group LLC acquired a new position in Farmers National Banc in the 1st quarter valued at about $830,000. Finally, Squarepoint Ops LLC acquired a new position in Farmers National Banc in the 4th quarter valued at about $618,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Price Performance

Shares of FMNB opened at $14.52 on Wednesday. Farmers National Banc Corp. has a 1-year low of $11.58 and a 1-year high of $16.29. The stock has a market cap of $546.68 million, a PE ratio of 10.84 and a beta of 0.85. The firm has a 50-day simple moving average of $14.28 and a two-hundred day simple moving average of $13.58. 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 announced its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share for the quarter, meeting 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. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. Farmers National Banc’s dividend payout ratio (DPR) is currently 50.75%.

Farmers National Banc 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.