Arrowstreet Capital Limited Partnership Lowers Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Arrowstreet Capital Limited Partnership decreased its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 86.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,778 shares of the bank's stock after selling 92,345 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Farmers National Banc were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FMNB. Vanguard Group Inc. boosted its stake in shares of Farmers National Banc by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank's stock worth $28,991,000 after buying an additional 88,392 shares during the last quarter. State Street Corp grew its holdings in Farmers National Banc by 3.5% during 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 during the period. Geode Capital Management LLC increased its holdings in 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 acquiring an additional 44,349 shares in the last quarter. Farmers Trust Co. lifted its holdings in Farmers National Banc by 5.8% during the fourth quarter. Farmers Trust Co. now owns 440,742 shares of the bank's stock valued at $6,267,000 after purchasing an additional 24,222 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank's stock worth $4,486,000 after purchasing an additional 117,384 shares during the period. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Price Performance

Shares of FMNB traded up $0.26 during mid-day trading on Friday, hitting $12.70. 141,821 shares of the stock were exchanged, compared to its average volume of 91,136. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $477.71 million, a PE ratio of 10.41 and a beta of 0.77. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The firm has a 50-day moving average of $13.31 and a two-hundred day moving average of $14.09.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $44.68 million for the quarter, compared to analysts' expectations of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, equities analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Friday, March 14th. Farmers National Banc's dividend payout ratio (DPR) is 53.13%.

Insider Activity

In other news, Director Gina A. Richardson acquired 2,334 shares of Farmers National Banc stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares of the company's stock, valued at $136,070. This trade represents a 30.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FMNB shares. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Piper Sandler reduced their price objective on shares of 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 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.