New York State Common Retirement Fund boosted its stake in Farmers National Banc Corp (NASDAQ:FMNB) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,863 shares of the bank’s stock after acquiring an additional 1,272 shares during the period. New York State Common Retirement Fund owned 0.20% of Farmers National Banc worth $724,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Ramsey Quantitative Systems raised its position in shares of Farmers National Banc by 29.4% during the fourth quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock worth $118,000 after purchasing an additional 2,113 shares during the period. MetLife Investment Advisors LLC raised its position in shares of Farmers National Banc by 52.1% during the third quarter. MetLife Investment Advisors LLC now owns 20,409 shares of the bank’s stock worth $312,000 after purchasing an additional 6,995 shares during the period. Rhumbline Advisers raised its position in shares of Farmers National Banc by 42.2% during the fourth quarter. Rhumbline Advisers now owns 35,758 shares of the bank’s stock worth $456,000 after purchasing an additional 10,607 shares during the period. Martingale Asset Management L P raised its position in Farmers National Banc by 19.2% in the 3rd quarter. Martingale Asset Management L P now owns 68,241 shares of the bank’s stock valued at $1,045,000 after buying an additional 11,008 shares during the last quarter. Finally, Bowling Portfolio Management LLC raised its position in Farmers National Banc by 4.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 73,727 shares of the bank’s stock valued at $939,000 after buying an additional 3,116 shares during the last quarter. Institutional investors and hedge funds own 36.73% of the company’s stock.
FMNB has been the subject of a number of analyst reports. BidaskClub raised Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Zacks Investment Research raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Farmers National Banc has a consensus rating of “Hold” and an average price target of $16.50.
Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 30th. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $26.78 million during the quarter, compared to the consensus estimate of $27.21 million. Farmers National Banc had a return on equity of 12.97% and a net margin of 27.77%. Sell-side analysts anticipate that Farmers National Banc Corp will post 1.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.09 per share. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.51%. Farmers National Banc’s dividend payout ratio is presently 31.30%.
In other news, CEO Kevin J. Helmick purchased 2,861 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the purchase, the chief executive officer now owns 70,072 shares of the company’s stock, valued at $906,731.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 3,982 shares of company stock valued at $52,409 in the last quarter. 8.66% of the stock is owned by corporate insiders.
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About Farmers National Banc
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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