Swiss National Bank Raises Position in Farmers National Banc Corp. $FMNB

Swiss National Bank raised its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 48.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,987 shares of the bank’s stock after buying an additional 35,700 shares during the period. Swiss National Bank’s holdings in Farmers National Banc were worth $1,447,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FMNB. Smithfield Trust Co acquired a new position in shares of Farmers National Banc during the fourth quarter valued at approximately $30,000. Godfrey Financial Associates Inc. purchased a new position in shares of Farmers National Banc in the fourth quarter valued at approximately $37,000. Russell Investments Group Ltd. boosted its stake in shares of Farmers National Banc by 9,065.7% in the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after acquiring an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Farmers National Banc by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after acquiring an additional 1,487 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Farmers National Banc by 220.1% during the fourth quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after purchasing an additional 3,319 shares in the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Farmers National Banc Trading Down 0.2%

FMNB opened at $15.86 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day simple moving average is $14.56 and its two-hundred day simple moving average is $13.82. Farmers National Banc Corp. has a 1-year low of $12.12 and a 1-year high of $16.09. The firm has a market capitalization of $939.23 million, a price-to-earnings ratio of 10.79 and a beta of 0.77.

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

Farmers National Banc Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on FMNB. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Piper Sandler upped their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Farmers National Banc presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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.