Farmers National Banc Corp. (NASDAQ:FMNB) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,038,771 shares of the bank's stock after purchasing an additional 88,392 shares during the period. Vanguard Group Inc. owned 5.42% of Farmers National Banc worth $28,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FMNB. FMR LLC raised its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after acquiring an additional 835 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Farmers National Banc during the fourth quarter worth $31,000. Matrix Trust Co boosted its holdings in shares of Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank's stock valued at $95,000 after acquiring an additional 5,733 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Farmers National Banc during the 4th quarter worth approximately $95,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after buying an additional 829 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, Director Gina A. Richardson bought 2,334 shares of Farmers National Banc stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company's stock, valued at $136,070. The trade was a 30.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ralph D. Macali sold 14,300 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Farmers National Banc Price Performance

Shares of FMNB traded up $0.26 on Friday, reaching $12.70. The stock had a trading volume of 141,821 shares, compared to its average volume of 91,106. The firm has a 50-day moving average of $13.28 and a 200 day moving average of $14.08. The firm has a market capitalization of $477.71 million, a PE ratio of 10.41 and a beta of 0.77. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month 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 announced its quarterly earnings results 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 company 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%. Sell-side analysts expect that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.17 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 53.13%.

Wall Street Analysts Forecast Growth

Separately, 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 report on Monday, February 3rd.

Farmers National Banc 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.