Ieq Capital LLC Takes Position in Farmers National Banc Corp. $FMNB

Ieq Capital LLC bought a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,794 shares of the bank’s stock, valued at approximately $552,000. Ieq Capital LLC owned approximately 0.06% of Farmers National Banc as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FMNB. BlackRock Inc. lifted its position in Farmers National Banc by 13.5% during the second quarter. BlackRock Inc. now owns 4,798,011 shares of the bank’s stock worth $70,051,000 after purchasing an additional 569,057 shares during the period. Vanguard Group Inc. increased its holdings in Farmers National Banc by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock valued at $30,655,000 after buying an additional 52,854 shares during the period. Dimensional Fund Advisors LP increased its holdings in Farmers National Banc by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock valued at $20,264,000 after buying an additional 302,397 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Farmers National Banc by 17.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock valued at $6,187,000 after buying an additional 68,445 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Farmers National Banc by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 419,077 shares of the bank’s stock worth $5,779,000 after acquiring an additional 2,880 shares during the period. Institutional investors own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings raised shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $15.68 on Friday. Farmers National Banc Corp. has a one year low of $12.12 and a one year high of $16.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $929.01 million, a price-to-earnings ratio of 10.67 and a beta of 0.76. The firm has a 50 day simple moving average of $15.22 and a 200 day simple moving average of $14.18.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. Research analysts predict that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.6%. Farmers National Banc’s payout ratio is 48.98%.

Insider Activity

In related news, EVP Mark J. Wenick sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. This trade represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.