21,025 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by Rodgers Brothers Inc.

Rodgers Brothers Inc. bought a new position in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,025 shares of the bank's stock, valued at approximately $299,000. Rodgers Brothers Inc. owned 0.06% of Farmers National Banc as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock valued at $124,000 after buying an additional 829 shares during the period. FMR LLC boosted its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank's stock valued at $31,000 after acquiring an additional 835 shares during the last quarter. Barclays PLC grew its holdings in shares of Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank's stock worth $845,000 after purchasing an additional 42,951 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Farmers National Banc in the fourth quarter worth approximately $559,000. Finally, State Street Corp raised its stake in Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank's stock valued at $12,844,000 after purchasing an additional 28,499 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FMNB shares. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler lowered their price target on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd.

Farmers National Banc Trading Down 1.1 %

Shares of FMNB traded down $0.13 during mid-day trading on Friday, reaching $12.09. The company's stock had a trading volume of 140,779 shares, compared to its average volume of 89,141. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32. The stock has a market cap of $454.77 million, a PE ratio of 9.91 and a beta of 0.86. The company's fifty day moving average price is $13.69 and its two-hundred day moving average price is $14.30. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc's dividend payout ratio is presently 55.74%.

Insider Buying and Selling

In other news, Director Gina A. Richardson bought 2,334 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $13.75 per share, with a total value of $32,092.50. Following the completion of the purchase, the director now directly owns 9,896 shares in the company, valued at $136,070. This represents a 30.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Ralph D. Macali sold 14,300 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the sale, the director now owns 48,983 shares of the company's stock, valued at $685,762. This represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

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.