Intellus Advisors LLC Buys New Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Intellus Advisors LLC purchased a new position in Farmers National Banc Corp. (NASDAQ:FMNB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,496 shares of the bank’s stock, valued at approximately $163,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMNB. FMR LLC grew its stake in shares of Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the last quarter. R Squared Ltd acquired a new position in Farmers National Banc in the fourth quarter worth approximately $31,000. Matrix Trust Co grew its position in Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after buying an additional 5,733 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in shares of Farmers National Banc by 1,998.9% during the 4th quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock valued at $134,000 after acquiring an additional 8,975 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $12.95 on Friday. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 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. The stock has a market cap of $487.11 million, a PE ratio of 10.61 and a beta of 0.86. The business has a fifty day simple moving average of $13.78 and a 200-day simple moving average of $14.45.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, sell-side analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, March 14th. Farmers National Banc’s payout ratio is 55.74%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler reduced their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.

Insiders Place Their Bets

In related news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gina A. Richardson bought 2,334 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $13.75 per share, with a total value of $32,092.50. Following the transaction, the director now owns 9,896 shares in the company, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Farmers National Banc Company 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.