Hunter Associates Investment Management LLC Raises Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Hunter Associates Investment Management LLC increased its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 14,893 shares of the bank’s stock after buying an additional 1,282 shares during the period. Hunter Associates Investment Management LLC’s holdings in Farmers National Banc were worth $216,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in Farmers National Banc by 177.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank’s stock valued at $28,000 after buying an additional 1,022 shares during the last quarter. Citigroup Inc. raised its stake in Farmers National Banc by 147.3% in the fourth quarter. Citigroup Inc. now owns 2,038 shares of the bank’s stock valued at $29,000 after buying an additional 1,214 shares during the last quarter. Harbour Investments Inc. raised its stake in Farmers National Banc by 179.6% in the fourth quarter. Harbour Investments Inc. now owns 3,355 shares of the bank’s stock valued at $47,000 after buying an additional 2,155 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Farmers National Banc by 573.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,529 shares of the bank’s stock valued at $75,000 after buying an additional 5,560 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Farmers National Banc by 54.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,216 shares of the bank’s stock valued at $123,000 after buying an additional 2,908 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler assumed coverage on Farmers National Banc in a research note on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on Farmers National Banc from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Finally, Raymond James raised Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.33.

Farmers National Banc Stock Performance

Farmers National Banc stock traded up $0.43 during midday trading on Friday, hitting $12.41. 99,186 shares of the company were exchanged, compared to its average volume of 74,779. The firm has a market capitalization of $466.00 million, a PE ratio of 9.26 and a beta of 0.84. Farmers National Banc Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $14.75. The business has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $12.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.72 and a current ratio of 0.72.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $44.99 million for the quarter, compared to analyst estimates of $43.65 million. Farmers National Banc had a return on equity of 16.91% and a net margin of 19.57%. On average, sell-side analysts forecast that Farmers National Banc Corp. will post 1.3 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, March 7th. Farmers National Banc’s dividend payout ratio (DPR) is 50.75%.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 4,004 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $14.21, for a total transaction of $56,896.84. Following the transaction, the executive vice president now owns 33,157 shares in the company, valued at $471,160.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 1,528 shares of company stock valued at $21,180 over the last ninety days. Company insiders own 4.00% of the company’s stock.

About 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.