Farmers National Banc Corp. (NASDAQ:FMNB) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 125.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,291 shares of the bank’s stock after acquiring an additional 14,651 shares during the period. Bridgeway Capital Management LLC’s holdings in Farmers National Banc were worth $374,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FMNB. Vanguard Group Inc. raised its position in shares of Farmers National Banc by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock valued at $28,991,000 after buying an additional 88,392 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Farmers National Banc by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank’s stock valued at $16,468,000 after acquiring an additional 60,514 shares in the last quarter. Northern Trust Corp grew its stake in Farmers National Banc by 2.4% during the 4th quarter. Northern Trust Corp now owns 346,938 shares of the bank’s stock valued at $4,933,000 after acquiring an additional 8,049 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Farmers National Banc by 59.2% in the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after acquiring an additional 117,384 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Farmers National Banc by 86.2% in the 4th quarter. Voya Investment Management LLC now owns 265,792 shares of the bank’s stock worth $3,780,000 after purchasing an additional 123,030 shares in the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gina A. Richardson acquired 2,334 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, with a total value of $32,092.50. Following the completion of the acquisition, the director now owns 9,896 shares of the company’s stock, valued at $136,070. The trade was a 30.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James reiterated an “outperform” rating and set a $15.00 price objective (down previously from $17.00) on shares of Farmers National Banc in a research report on Monday, April 21st. Piper Sandler reduced their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd.

Farmers National Banc Trading Up 3.0%

NASDAQ FMNB opened at $13.76 on Tuesday. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The firm has a 50 day simple moving average of $12.94 and a 200-day simple moving average of $13.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $517.58 million, a price-to-earnings ratio of 11.28 and a beta of 0.80.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Equities research analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.17 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 4.94%. Farmers National Banc’s dividend payout ratio is currently 53.13%.

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.