Farmers National Banc Corp. (NASDAQ:FMNB) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 93.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 83,361 shares of the bank's stock after buying an additional 40,367 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.22% of Farmers National Banc worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMNB. PEAK6 Investments LLC purchased a new stake in shares of Farmers National Banc in the first quarter worth about $248,000. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc in the first quarter valued at approximately $140,000. Twelve Points Wealth Management LLC raised its stake in shares of Farmers National Banc by 12.4% during the second quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank's stock valued at $678,000 after purchasing an additional 5,987 shares during the period. Busey Bank purchased a new stake in shares of Farmers National Banc during the second quarter valued at approximately $224,000. Finally, Bank of New York Mellon Corp grew its holdings in Farmers National Banc by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank's stock valued at $2,834,000 after purchasing an additional 12,160 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have 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 report on Friday, November 15th. Piper Sandler reaffirmed a "neutral" rating and set a $17.00 target price on shares of Farmers National Banc in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.67.

Farmers National Banc Stock Performance

FMNB traded down $0.09 on Wednesday, hitting $15.69. 41,077 shares of the company's stock were exchanged, compared to its average volume of 93,737. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $14.84 and a two-hundred day moving average of $14.00. 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 cap of $589.79 million, a PE ratio of 12.83 and a beta of 0.83.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. On average, research analysts anticipate that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.

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.