LSV Asset Management Decreases Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

LSV Asset Management lowered its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 591,804 shares of the bank’s stock after selling 41,142 shares during the period. LSV Asset Management’s holdings in Farmers National Banc were worth $8,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Johnson Investment Counsel Inc. raised its holdings in shares of Farmers National Banc by 0.8% during the third quarter. Johnson Investment Counsel Inc. now owns 147,560 shares of the bank’s stock valued at $1,706,000 after acquiring an additional 1,200 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in shares of Farmers National Banc by 9.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock worth $216,000 after purchasing an additional 1,282 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Farmers National Banc by 14.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,378 shares of the bank’s stock valued at $236,000 after purchasing an additional 2,650 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Farmers National Banc by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 323,535 shares of the bank’s stock valued at $3,740,000 after purchasing an additional 3,515 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Farmers National Banc by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 20,552 shares of the bank’s stock worth $297,000 after purchasing an additional 4,293 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Farmers National Banc from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Piper Sandler assumed coverage on Farmers National Banc in a report on Friday, February 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.33.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $12.34 on Wednesday. The firm has a market capitalization of $463.37 million, a price-to-earnings ratio of 8.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day moving average is $12.70 and its two-hundred day moving average is $13.03. Farmers National Banc Corp. has a 1-year low of $10.38 and a 1-year high of $14.75.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Thursday, March 7th. Farmers National Banc’s payout ratio is 46.90%.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.