Barclays PLC Purchases 42,951 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Barclays PLC raised its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 330.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,930 shares of the bank's stock after buying an additional 42,951 shares during the quarter. Barclays PLC owned about 0.15% of Farmers National Banc worth $845,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in Farmers National Banc by 3.5% during the third quarter. State Street Corp now owns 849,499 shares of the bank's stock worth $12,844,000 after acquiring an additional 28,499 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Farmers National Banc by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock worth $12,802,000 after purchasing an additional 44,349 shares in the last quarter. Farmers Trust Co. grew its stake in shares of Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank's stock worth $6,298,000 after buying an additional 19,778 shares during the last quarter. American Century Companies Inc. increased its position in Farmers National Banc by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank's stock valued at $3,757,000 after buying an additional 8,525 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. raised its stake in Farmers National Banc by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank's stock valued at $2,157,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 38.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on FMNB. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler restated a "neutral" rating and set a $17.00 price objective on shares of Farmers National Banc in a research note on Thursday, November 21st.

Farmers National Banc Stock Down 1.5 %

Shares of FMNB stock traded down $0.20 during mid-day trading on Thursday, hitting $13.22. The company's stock had a trading volume of 19,401 shares, compared to its average volume of 83,110. The stock has a market cap of $496.73 million, a price-to-earnings ratio of 10.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The business has a 50-day moving average price of $14.88 and a 200 day moving average price of $14.60.

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

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc's dividend payout ratio is currently 55.28%.

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.