Barclays PLC raised its position in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 330.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,930 shares of the bank's stock after acquiring an additional 42,951 shares during the period. Barclays PLC owned approximately 0.15% of Farmers National Banc worth $845,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of 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 acquiring an additional 829 shares in the last quarter. FMR LLC grew its position 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 purchasing an additional 835 shares during the last quarter. State Street Corp increased its stake in Farmers National Banc by 3.5% during the 3rd 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. Charles Schwab Investment Management Inc. increased its stake 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 valued at $1,560,000 after purchasing an additional 2,241 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Farmers National Banc by 8.1% in the second 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 last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.
Farmers National Banc Stock Performance
Shares of NASDAQ:FMNB traded up $0.13 during midday trading on Wednesday, reaching $14.22. The company's stock had a trading volume of 92,400 shares, compared to its average volume of 93,945. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $14.97 and a 200 day moving average of $14.49. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32. The firm has a market capitalization of $534.50 million, a PE ratio of 11.56 and a beta of 0.86.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly 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 company had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. On average, equities analysts expect that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.
Farmers National Banc Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc's dividend payout ratio is currently 55.28%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. StockNews.com raised Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Piper Sandler reiterated a "neutral" rating and set a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st.
Read Our Latest Research Report on FMNB
Farmers National Banc Profile
(
Free Report)
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.
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