Farmers National Banc Corp. (NASDAQ:FMNB) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 142.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,133 shares of the bank's stock after purchasing an additional 44,783 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Farmers National Banc worth $1,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after purchasing an additional 829 shares during the last quarter. FMR LLC grew its position in Farmers National Banc by 67.7% in 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. Barclays PLC grew its position in Farmers National Banc by 330.9% in the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock worth $845,000 after purchasing an additional 42,951 shares during the last quarter. State Street Corp boosted its holdings in shares of Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank's stock valued at $12,844,000 after acquiring an additional 28,499 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock valued at $12,802,000 after acquiring an additional 44,349 shares in the last quarter. Institutional investors own 38.72% of the company's stock.

Analyst Ratings Changes

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

Farmers National Banc Price Performance

FMNB stock traded down $0.03 on Friday, hitting $13.45. 62,222 shares of the company's stock traded hands, compared to its average volume of 65,940. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The stock has a market cap of $505.59 million, a price-to-earnings ratio of 10.93 and a beta of 0.86. The stock has a fifty day moving average of $14.54 and a 200-day moving average of $14.63. 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 released its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. On average, analysts forecast that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc's dividend payout ratio is presently 55.28%.

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.