Twelve Points Wealth Management LLC Buys 3,266 Shares of Farmers National Banc Corp. $FMNB

Twelve Points Wealth Management LLC lifted its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,104 shares of the bank’s stock after buying an additional 3,266 shares during the period. Twelve Points Wealth Management LLC owned about 0.20% of Farmers National Banc worth $1,063,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in Farmers National Banc by 105.1% in 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 stake in shares of Farmers National Banc by 1,852.1% in the first quarter. GAMMA Investing LLC now owns 2,362 shares of the bank’s stock valued at $31,000 after buying an additional 2,241 shares during the period. Matrix Trust Co increased its stake in shares of Farmers National Banc by 61.2% in the first quarter. Matrix Trust Co now owns 10,765 shares of the bank’s stock valued at $140,000 after buying an additional 4,086 shares during the period. ProShare Advisors LLC bought a new position in Farmers National Banc in the 4th quarter valued at approximately $146,000. Finally, Asset Dedication LLC boosted its position in Farmers National Banc by 33.5% during the 1st quarter. Asset Dedication LLC now owns 12,583 shares of the bank’s stock worth $164,000 after buying an additional 3,159 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Trading Down 0.4%

FMNB opened at $14.54 on Friday. 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 Corp. has a fifty-two week low of $11.58 and a fifty-two week high of $16.29. The company’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.63. The firm has a market capitalization of $547.43 million, a price-to-earnings ratio of 10.85 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $47.04 million for the quarter, compared to analyst estimates of $46.55 million. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.02%. As a group, research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Farmers National Banc’s payout ratio 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.