Farmers National Banc Corp. (NASDAQ:FMNB) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 59.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,501 shares of the bank's stock after buying an additional 117,384 shares during the period. Bank of New York Mellon Corp owned 0.84% of Farmers National Banc worth $4,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMNB. FMR LLC raised its stake in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank's stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. R Squared Ltd purchased a new position in Farmers National Banc during the 4th quarter worth $31,000. Matrix Trust Co raised its position in Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank's stock valued at $95,000 after purchasing an additional 5,733 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after buying an additional 829 shares during the period. Finally, Asset Dedication LLC grew its position in shares of Farmers National Banc by 1,998.9% during the 4th quarter. Asset Dedication LLC now owns 9,424 shares of the bank's stock worth $134,000 after buying an additional 8,975 shares in the last quarter. Institutional investors own 38.72% of the company's stock.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the business's stock in a transaction dated Friday, January 31st. The stock was 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 in the company, valued at approximately $685,762. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 purchased at an average cost of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares of the company's stock, valued at approximately $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by corporate insiders.

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Farmers National Banc Stock Down 2.7 %

Shares of FMNB stock traded down $0.35 during mid-day trading on Friday, hitting $12.94. 133,841 shares of the stock traded hands, compared to its average volume of 82,680. 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 $486.63 million, a P/E ratio of 10.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The stock's fifty day moving average is $13.77 and its two-hundred day moving average is $14.48.

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

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.26%. Farmers National Banc's dividend payout ratio (DPR) is 55.74%.

Analyst Upgrades and Downgrades

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

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.