LPL Financial LLC Increases Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

LPL Financial LLC increased its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 454.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,615 shares of the bank's stock after purchasing an additional 120,150 shares during the period. LPL Financial LLC owned approximately 0.39% of Farmers National Banc worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FMNB. Bank of New York Mellon Corp lifted 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 valued at $4,486,000 after buying an additional 117,384 shares during the period. JPMorgan Chase & Co. raised its position in Farmers National Banc by 142.8% during the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank's stock valued at $1,151,000 after acquiring an additional 44,783 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $12,802,000 after acquiring an additional 44,349 shares during the period. Barclays PLC boosted 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 in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Farmers National Banc during the 4th quarter worth approximately $559,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd.

Insider Activity

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

Farmers National Banc Price Performance

Shares of Farmers National Banc stock traded up $0.26 on Friday, reaching $12.70. The company's stock had a trading volume of 141,821 shares, compared to its average volume of 91,106. The stock has a 50-day moving average price of $13.28 and a 200-day moving average price of $14.08. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a market capitalization of $477.71 million, a P/E ratio of 10.41 and a beta of 0.77. 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 posted its quarterly earnings data 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 business had revenue of $44.68 million for the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

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

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.