Assenagon Asset Management S.A. Invests $559,000 in Farmers National Banc Corp. (NASDAQ:FMNB)

Assenagon Asset Management S.A. acquired a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,302 shares of the bank's stock, valued at approximately $559,000. Assenagon Asset Management S.A. owned approximately 0.10% of Farmers National Banc as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FMNB. BNP Paribas Financial Markets raised its position in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after acquiring an additional 829 shares in the last quarter. FMR LLC raised its holdings in Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after buying an additional 835 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Farmers National Banc by 8.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock worth $165,000 after buying an additional 997 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Farmers National Banc by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank's stock worth $1,560,000 after buying an additional 2,241 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. raised its holdings in Farmers National Banc by 2.1% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank's stock worth $2,157,000 after buying an additional 3,000 shares during the period. 38.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FMNB has been the topic of several recent analyst reports. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler reaffirmed a "neutral" rating and set a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st.

Farmers National Banc Stock Down 0.2 %

NASDAQ:FMNB traded down $0.03 on Friday, hitting $13.45. 62,222 shares of the company's stock traded hands, compared to its average volume of 65,940. 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 Corp. has a 1 year low of $11.55 and a 1 year high of $16.32. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $14.63. The company has a market cap of $505.59 million, a PE ratio of 10.93 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $70.26 million for the quarter, compared to analysts' expectations of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. Equities analysts anticipate that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.06%. Farmers National Banc's payout ratio is 55.28%.

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.