11,048 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,048 shares of the bank’s stock, valued at approximately $185,000.

Other large investors have also modified their holdings of the company. Citigroup Inc. lifted its position in shares of Farmers National Banc by 236.9% in the 4th quarter. Citigroup Inc. now owns 5,809 shares of the bank’s stock worth $77,000 after buying an additional 4,085 shares during the last quarter. UBS Group AG raised its stake in Farmers National Banc by 33.8% during the first quarter. UBS Group AG now owns 5,663 shares of the bank’s stock worth $95,000 after acquiring an additional 1,429 shares during the period. Russell Investments Group Ltd. bought a new position in Farmers National Banc in the first quarter worth about $164,000. Corient Capital Partners LLC acquired a new position in Farmers National Banc in the first quarter valued at approximately $169,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Farmers National Banc by 76.2% during the first quarter. BNP Paribas Arbitrage SA now owns 12,078 shares of the bank’s stock valued at $202,000 after purchasing an additional 5,222 shares during the last quarter. 39.55% of the stock is currently owned by institutional investors.

Farmers National Banc stock opened at $15.24 on Thursday. Farmers National Banc Corp. has a 52-week low of $10.05 and a 52-week high of $18.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $431.44 million, a price-to-earnings ratio of 8.68 and a beta of 0.96. The firm’s 50-day moving average price is $16.46.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Tuesday, April 27th. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.14. Farmers National Banc had a return on equity of 14.41% and a net margin of 31.39%. The company had revenue of $35.85 million for the quarter, compared to analysts’ expectations of $34.77 million. Research analysts anticipate that Farmers National Banc Corp. will post 1.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Friday, June 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 10th. This represents a $0.44 annualized dividend and a dividend yield of 2.89%. Farmers National Banc’s payout ratio is 28.03%.

Separately, Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, June 29th. Four investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $17.83.

Farmers National Banc Company Profile

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

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

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