Wavvest Wealth LLC Buys 62,041 Shares of Farmers National Banc Corp. $FMNB

Wavvest Wealth LLC bought a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,041 shares of the bank’s stock, valued at approximately $932,000. Wavvest Wealth LLC owned about 0.10% of Farmers National Banc as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in Farmers National Banc during the second quarter valued at about $25,000. Parallel Advisors LLC grew its stake in shares of Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after buying an additional 1,288 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Farmers National Banc by 105.6% in the third quarter. Versant Capital Management Inc now owns 3,857 shares of the bank’s stock worth $58,000 after buying an additional 1,981 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Farmers National Banc by 8.8% in the third quarter. State of Alaska Department of Revenue now owns 9,058 shares of the bank’s stock worth $135,000 after buying an additional 731 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in shares of Farmers National Banc in the first quarter worth about $138,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Insider Buying and Selling at Farmers National Banc

In other news, EVP Mark Wenick sold 5,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the sale, the executive vice president directly owned 32,020 shares in the company, valued at approximately $511,359.40. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.00.

Farmers National Banc Trading Down 1.0%

NASDAQ:FMNB opened at $15.31 on Thursday. The company has a fifty day moving average of $15.53 and a 200 day moving average of $14.83. Farmers National Banc Corp. has a 52 week low of $12.12 and a 52 week high of $16.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $907.12 million, a P/E ratio of 9.21 and a beta of 0.78.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $70.44 million during 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%. On average, research analysts predict that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.7%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, September 11th. Farmers National Banc’s payout ratio is currently 48.98%.

Farmers National Banc Profile

Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Through its principal subsidiary, Farmers National Bank, the company provides community banking services to individuals, families and businesses.

Farmers National Bank offers deposit accounts, consumer and commercial lending, residential mortgages, online and mobile banking, treasury management and other financial services. The company also provides wealth management and trust services through Farmers Trust Company, as well as insurance-related services through its affiliated operations.

Founded in 1887, Farmers National Banc Corp.