Dimensional Fund Advisors LP Purchases 302,397 Shares of Farmers National Banc Corp. $FMNB

Dimensional Fund Advisors LP grew its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 24.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,539,834 shares of the bank’s stock after acquiring an additional 302,397 shares during the period. Dimensional Fund Advisors LP’s holdings in Farmers National Banc were worth $20,264,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Smithfield Trust Co purchased a new stake in Farmers National Banc in the fourth quarter worth approximately $30,000. Godfrey Financial Associates Inc. bought a new stake in shares of Farmers National Banc in the 4th quarter worth approximately $37,000. Parallel Advisors LLC lifted its holdings in shares of Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,487 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Down 0.5%

Shares of Farmers National Banc stock opened at $15.81 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. Farmers National Banc Corp. has a 52-week low of $12.12 and a 52-week high of $16.16. The stock has a market capitalization of $936.27 million, a price-to-earnings ratio of 10.76 and a beta of 0.76. The company’s 50 day moving average price is $14.69 and its 200-day moving average price is $13.90.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The company had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. Equities research analysts forecast that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio is 46.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler raised their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares of the company’s stock, valued at $511,359.40. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.