Farmers National Banc Corp (FMNB) Stake Lessened by Millennium Management LLC

Millennium Management LLC lowered its position in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 54.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,063 shares of the bank’s stock after selling 42,341 shares during the period. Millennium Management LLC’s holdings in Farmers National Banc were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Farmers National Banc by 14.9% in the 4th quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,000 shares during the last quarter. Citigroup Inc. increased its holdings in Farmers National Banc by 17.2% in the 4th quarter. Citigroup Inc. now owns 7,942 shares of the bank’s stock valued at $101,000 after purchasing an additional 1,164 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Farmers National Banc by 405.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,719 shares of the bank’s stock valued at $111,000 after purchasing an additional 6,995 shares during the last quarter. Ramsey Quantitative Systems increased 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 valued at $118,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Farmers National Banc by 49.4% in the 4th quarter. Stifel Financial Corp now owns 19,361 shares of the bank’s stock valued at $246,000 after purchasing an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 36.62% of the company’s stock.

Several research firms recently weighed in on FMNB. BidaskClub upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Raymond James lifted their target price on shares of Farmers National Banc from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.17.

Farmers National Banc stock opened at $14.64 on Wednesday. Farmers National Banc Corp has a fifty-two week low of $11.56 and a fifty-two week high of $16.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $406.86 million, a P/E ratio of 12.73 and a beta of 0.78.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, April 24th. The bank reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $26.49 million during the quarter, compared to the consensus estimate of $26.79 million. Farmers National Banc had a net margin of 27.42% and a return on equity of 13.07%. On average, sell-side analysts expect that Farmers National Banc Corp will post 1.25 EPS for the current year.

In other Farmers National Banc news, CEO Kevin J. Helmick purchased 2,861 shares of the company’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the completion of the purchase, the chief executive officer now directly owns 70,072 shares in the company, valued at approximately $906,731.68. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders acquired 3,772 shares of company stock valued at $50,280. Insiders own 8.66% of the company’s stock.

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Farmers National Banc 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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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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