Schneider Downs Wealth Management Advisors LP Decreases Stake in Farmers National Banc Corp. (NASDAQ:FMNB)

Schneider Downs Wealth Management Advisors LP lessened its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 170,654 shares of the bank's stock after selling 49,571 shares during the quarter. Farmers National Banc accounts for about 0.5% of Schneider Downs Wealth Management Advisors LP's portfolio, making the stock its 29th largest holding. Schneider Downs Wealth Management Advisors LP owned about 0.45% of Farmers National Banc worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FMNB. EntryPoint Capital LLC purchased a new stake in shares of Farmers National Banc during the first quarter worth about $73,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Farmers National Banc during the first quarter valued at approximately $140,000. Cubist Systematic Strategies LLC lifted its position in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock valued at $165,000 after acquiring an additional 997 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Farmers National Banc in the third quarter worth approximately $214,000. Finally, Busey Bank acquired a new position in Farmers National Banc in the 2nd quarter valued at $224,000. Hedge funds and other institutional investors own 38.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Raymond James upped their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.67.

Farmers National Banc Trading Down 0.2 %

NASDAQ:FMNB traded down $0.03 on Friday, hitting $15.31. The stock had a trading volume of 84,868 shares, compared to its average volume of 97,287. The company has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $13.84. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $575.47 million, a price-to-earnings ratio of 12.45 and a beta of 0.83.

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 analysts' expectations of $42.90 million. Equities research analysts expect that Farmers National Banc Corp. will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Friday, September 13th. Farmers National Banc's dividend payout ratio is presently 55.28%.

Insider Activity

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the business's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.