Barclays PLC increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB - Free Report) by 330.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,930 shares of the bank's stock after purchasing an additional 42,951 shares during the quarter. Barclays PLC owned about 0.15% of Farmers National Banc worth $845,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of FMNB. American Century Companies Inc. lifted its holdings in Farmers National Banc by 2.9% in the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank's stock worth $3,757,000 after purchasing an additional 8,525 shares during the period. Inspire Investing LLC lifted its holdings in Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank's stock worth $357,000 after purchasing an additional 1,625 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock worth $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC acquired a new stake in Farmers National Banc in the third quarter worth about $214,000. Finally, Farmers Trust Co. lifted its holdings in Farmers National Banc by 5.0% in the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank's stock worth $6,298,000 after purchasing an additional 19,778 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.
Shares of NASDAQ FMNB opened at $13.41 on Thursday. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $504.06 million, a price-to-earnings ratio of 10.90 and a beta of 0.86. The firm has a 50-day moving average of $14.88 and a two-hundred day moving average of $14.60.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $70.26 million for the quarter, compared to analysts' expectations of $42.90 million. As a group, analysts expect that Farmers National Banc Corp. will post 1.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc's dividend payout ratio is presently 55.28%.
Several equities research analysts recently weighed in on FMNB shares. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler reissued a "neutral" rating and issued a $17.00 price target on shares of Farmers National Banc in a report on Thursday, November 21st.
View Our Latest Report on 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.
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