Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Farmers National Banc Corp. $FMNB

Campbell & CO Investment Adviser LLC lowered its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 33.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,309 shares of the bank’s stock after selling 8,086 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Farmers National Banc were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in Farmers National Banc in the 1st quarter valued at $1,908,000. Nuveen LLC acquired a new position in shares of Farmers National Banc during the first quarter worth about $1,144,000. Cetera Investment Advisers boosted its position in shares of Farmers National Banc by 12.2% in the first quarter. Cetera Investment Advisers now owns 83,793 shares of the bank’s stock worth $1,094,000 after buying an additional 9,142 shares during the period. Twelve Points Wealth Management LLC grew its stake in shares of Farmers National Banc by 4.4% in the second quarter. Twelve Points Wealth Management LLC now owns 77,104 shares of the bank’s stock valued at $1,063,000 after buying an additional 3,266 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Farmers National Banc in the first quarter valued at about $830,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Thursday. Zacks Research lowered shares of Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insider Buying and Selling

In related news, Director Edward Muransky acquired 73,500 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $13.59 per share, with a total value of $998,865.00. Following the acquisition, the director directly owned 110,706 shares in the company, valued at approximately $1,504,494.54. The trade was a 197.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is owned by company insiders.

Farmers National Banc Trading Down 2.7%

Shares of FMNB opened at $12.93 on Tuesday. Farmers National Banc Corp. has a one year low of $11.58 and a one year high of $16.29. The stock has a 50-day moving average price of $13.94 and a 200 day moving average price of $13.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $486.85 million, a P/E ratio of 8.98 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, October 22nd. The bank reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $47.74 million for the quarter, compared to analyst estimates of $48.00 million. Farmers National Banc had a return on equity of 13.82% and a net margin of 19.57%. Sell-side analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, September 12th. Farmers National Banc’s dividend payout ratio is 47.22%.

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.