Farmers National Banc Corp (FMNB) Stake Decreased by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in Farmers National Banc Corp (NASDAQ:FMNB) by 12.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,199 shares of the bank’s stock after selling 7,853 shares during the period. First Trust Advisors LP owned approximately 0.20% of Farmers National Banc worth $816,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FMNB. LSV Asset Management grew its holdings in shares of Farmers National Banc by 137.7% in the second quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock valued at $5,497,000 after purchasing an additional 219,631 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Farmers National Banc by 28.1% in the second quarter. Dimensional Fund Advisors LP now owns 334,150 shares of the bank’s stock valued at $4,845,000 after purchasing an additional 73,249 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of Farmers National Banc in the second quarter valued at approximately $916,000. Vanguard Group Inc. grew its holdings in shares of Farmers National Banc by 5.6% in the first quarter. Vanguard Group Inc. now owns 919,691 shares of the bank’s stock valued at $13,197,000 after purchasing an additional 48,719 shares in the last quarter. Finally, State Street Corp grew its holdings in Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock worth $6,638,000 after acquiring an additional 44,733 shares in the last quarter. Hedge funds and other institutional investors own 34.49% of the company’s stock.

FMNB has been the subject of several analyst reports. ValuEngine cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of Farmers National Banc in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, BidaskClub cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

Farmers National Banc Corp (FMNB) traded down $0.05 during midday trading on Friday, reaching $14.75. 42,902 shares of the company’s stock traded hands, compared to its average volume of 33,997. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc Corp has a 12 month low of $12.12 and a 12 month high of $15.95. The firm has a market cap of $406.27, a PE ratio of 17.77 and a beta of 0.42.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.63%. The ex-dividend date was Thursday, December 7th. Farmers National Banc’s dividend payout ratio (DPR) is presently 28.92%.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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