Bessemer Group Inc. grew its stake in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,700 shares of the bank’s stock after acquiring an additional 1,000 shares during the period. Bessemer Group Inc.’s holdings in Farmers National Banc were worth $98,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of Farmers National Banc by 17.2% in the fourth quarter. Citigroup Inc. now owns 7,942 shares of the bank’s stock worth $101,000 after buying an additional 1,164 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Farmers National Banc by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 116,112 shares of the bank’s stock worth $1,479,000 after buying an additional 5,550 shares during the period. BlackRock Inc. lifted its holdings in Farmers National Banc by 6.2% in the 4th quarter. BlackRock Inc. now owns 1,436,794 shares of the bank’s stock worth $18,305,000 after buying an additional 83,906 shares during the period. New York State Common Retirement Fund lifted its holdings in Farmers National Banc by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 56,863 shares of the bank’s stock worth $724,000 after buying an additional 1,272 shares during the period. Finally, Ramsey Quantitative Systems lifted its holdings in Farmers National Banc by 29.4% in the 4th quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock worth $118,000 after buying an additional 2,113 shares during the period. 36.73% of the stock is owned by institutional investors.
FMNB has been the topic of several research analyst reports. BidaskClub upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.88.
Farmers National Banc stock traded down $0.22 during mid-day trading on Monday, reaching $14.02. 14,453 shares of the company were exchanged, compared to its average volume of 30,346. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.02. The firm has a market cap of $391.56 million, a P/E ratio of 12.19 and a beta of 0.78. Farmers National Banc Corp has a 12-month low of $11.56 and a 12-month high of $16.90.
Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 30th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Farmers National Banc had a return on equity of 12.97% and a net margin of 27.77%. The firm had revenue of $26.78 million for the quarter, compared to analysts’ expectations of $27.21 million. Equities analysts expect that Farmers National Banc Corp will post 1.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.57%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.08. Farmers National Banc’s dividend payout ratio is presently 31.30%.
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Farmers National Banc Company Profile
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, MasterCard and Visa credit cards, brokerage, and other services.
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