Jefferies Financial Group Inc. Acquires New Holdings in Farmers National Banc Corp. $FMNB

Jefferies Financial Group Inc. bought a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the bank’s stock, valued at approximately $345,000.

Several other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares in the last quarter. CWM LLC increased its position in Farmers National Banc by 105.1% during the first quarter. CWM LLC now owns 2,035 shares of the bank’s stock worth $27,000 after buying an additional 1,043 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Farmers National Banc by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank’s stock worth $372,000 after acquiring an additional 1,130 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Farmers National Banc by 9.7% in the second quarter. Hunter Associates Investment Management LLC now owns 14,155 shares of the bank’s stock valued at $197,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Farmers National Banc by 7.7% in the second quarter. Inspire Investing LLC now owns 28,294 shares of the bank’s stock valued at $390,000 after acquiring an additional 2,035 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Stock Down 0.1%

Shares of NASDAQ:FMNB opened at $13.58 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market cap of $511.33 million, a price-to-earnings ratio of 9.43 and a beta of 0.85. The stock’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $13.85. Farmers National Banc Corp. has a 12-month low of $11.58 and a 12-month high of $16.07.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.82%. The business had revenue of $47.74 million for the quarter, compared to analyst estimates of $48.00 million. On average, research analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, December 12th. This represents a $0.68 annualized dividend and a yield of 5.0%. Farmers National Banc’s dividend payout ratio is currently 47.22%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky purchased 73,500 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were purchased at an average price of $13.59 per share, for a total transaction of $998,865.00. Following the completion of the acquisition, the director owned 110,706 shares of the company’s stock, valued at approximately $1,504,494.54. This represents a 197.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research cut Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a report on Tuesday. Finally, Piper Sandler began coverage on shares of Farmers National Banc in a research report on Friday, November 21st. They issued a “neutral” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Farmers National Banc has an average rating of “Hold” and an average target price of $14.50.

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.