Y Intercept Hong Kong Ltd Invests $1.43 Million in Farmers National Banc Corp. $FMNB

Y Intercept Hong Kong Ltd bought a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the 1st quarter, HoldingsChannel reports. The firm bought 108,346 shares of the bank’s stock, valued at approximately $1,426,000.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Farmers National Banc by 94.6% in the first quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock worth $364,000 after acquiring an additional 13,548 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after acquiring an additional 936 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Farmers National Banc by 50.3% during the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after acquiring an additional 12,735 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Farmers National Banc during the first quarter valued at about $830,000. Finally, Legal & General Group Plc raised its position in shares of Farmers National Banc by 18.2% in the 2nd quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock valued at $503,000 after purchasing an additional 5,612 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on FMNB shares. Wall Street Zen cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings upgraded shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Piper Sandler raised their price target 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 upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

Farmers National Banc stock traded up $0.04 during trading hours on Friday, hitting $14.31. 293,695 shares of the stock traded hands, compared to its average volume of 528,188. The firm’s 50 day moving average price is $14.24 and its 200-day moving average price is $13.66. 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 stock has a market capitalization of $847.37 million, a price-to-earnings ratio of 9.87 and a beta of 0.77. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $56.26 million during the quarter, compared to analysts’ expectations of $55.30 million. As a group, equities analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given 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 4.8%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Insider Buying and Selling

In other news, Director Michael C. Voinovich sold 23,309 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

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.