Geode Capital Management LLC Purchases 44,349 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Geode Capital Management LLC lifted its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 846,454 shares of the bank's stock after purchasing an additional 44,349 shares during the quarter. Geode Capital Management LLC owned about 2.25% of Farmers National Banc worth $12,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of Farmers National Banc by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank's stock valued at $2,834,000 after buying an additional 12,160 shares during the last quarter. American Century Companies Inc. boosted its stake 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 purchasing an additional 8,525 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Farmers National Banc by 4.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank's stock worth $620,000 after purchasing an additional 2,258 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank's stock valued at $357,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock worth $165,000 after buying an additional 997 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Performance

NASDAQ:FMNB traded up $0.13 on Tuesday, hitting $14.22. The stock had a trading volume of 92,400 shares, compared to its average volume of 93,945. The business's 50-day simple moving average is $14.97 and its two-hundred day simple moving average is $14.50. The stock has a market cap of $534.50 million, a price-to-earnings ratio of 11.56 and a beta of 0.86. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data 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). 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 the consensus estimate of $42.90 million. As a group, research analysts predict that Farmers National Banc Corp. will post 1.23 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, December 13th. Farmers National Banc's payout ratio is 55.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FMNB shares. Piper Sandler reaffirmed a "neutral" rating and set a $17.00 price target on shares of Farmers National Banc in a report on Thursday, November 21st. StockNews.com upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th.

About Farmers National Banc

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.