Dimensional Fund Advisors LP raised its stake in Farmers National Banc Corp (NASDAQ:FMNB) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 614,312 shares of the bank’s stock after purchasing an additional 69,990 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Farmers National Banc were worth $9,798,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in FMNB. Acadian Asset Management LLC boosted its holdings in shares of Farmers National Banc by 245.8% in the 2nd quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock valued at $354,000 after purchasing an additional 15,737 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Farmers National Banc during the 2nd quarter valued at $384,000. Van Hulzen Asset Management LLC lifted its holdings in shares of Farmers National Banc by 23.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock valued at $387,000 after acquiring an additional 4,590 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Farmers National Banc by 8.7% during the 1st quarter. Wells Fargo & Company MN now owns 43,225 shares of the bank’s stock valued at $599,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Farmers National Banc by 14.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,593 shares of the bank’s stock valued at $871,000 after acquiring an additional 7,093 shares in the last quarter. Institutional investors own 35.67% of the company’s stock.
In other news, Director Edward Muransky acquired 4,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were purchased at an average price of $15.86 per share, for a total transaction of $63,440.00. Following the acquisition, the director now directly owns 13,044 shares of the company’s stock, valued at approximately $206,877.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 5,095 shares of company stock worth $80,587 in the last quarter. 9.11% of the stock is currently owned by company insiders.
Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Farmers National Banc had a net margin of 24.60% and a return on equity of 11.96%. The firm had revenue of $25.87 million for the quarter, compared to analyst estimates of $25.90 million. Sell-side analysts forecast that Farmers National Banc Corp will post 1.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.07. Farmers National Banc’s payout ratio is currently 35.56%.
FMNB has been the topic of several recent research reports. Zacks Investment Research lowered shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, BidaskClub lowered shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.00.
About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.
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