Pacific Ridge Capital Partners LLC Lowers Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Pacific Ridge Capital Partners LLC lessened its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 59.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,947 shares of the bank's stock after selling 146,620 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.27% of Farmers National Banc worth $1,421,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FMNB. LPL Financial LLC raised its holdings in shares of Farmers National Banc by 454.0% in the fourth quarter. LPL Financial LLC now owns 146,615 shares of the bank's stock valued at $2,085,000 after purchasing an additional 120,150 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Farmers National Banc by 59.2% in the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank's stock worth $4,486,000 after buying an additional 117,384 shares during the last quarter. Vanguard Group Inc. grew its position in Farmers National Banc by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank's stock valued at $28,991,000 after buying an additional 88,392 shares during the period. JPMorgan Chase & Co. increased its holdings in Farmers National Banc by 100.5% during the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank's stock worth $2,170,000 after buying an additional 76,496 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Farmers National Banc by 5.5% in the third 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 during the period. Institutional investors and hedge funds own 38.72% of the company's stock.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB traded up $0.11 during midday trading on Monday, hitting $13.10. The company's stock had a trading volume of 37,173 shares, compared to its average volume of 83,533. The stock has a fifty day moving average price of $13.76 and a 200 day moving average price of $14.38. The firm has a market capitalization of $492.76 million, a price-to-earnings ratio of 10.74 and a beta of 0.86. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, research analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Friday, March 14th. Farmers National Banc's dividend payout ratio (DPR) is presently 55.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Piper Sandler dropped their price objective on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd.

Insiders Place Their Bets

In related news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company's stock, valued at $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gina A. Richardson purchased 2,334 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares in the company, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

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.