Sequoia Financial Advisors LLC Sells 757 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Sequoia Financial Advisors LLC lessened its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 2.4% during the third quarter, Holdings Channel.com reports. The fund owned 31,088 shares of the bank’s stock after selling 757 shares during the period. Sequoia Financial Advisors LLC’s holdings in Farmers National Banc were worth $470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMNB. Cubist Systematic Strategies LLC raised its position in shares of Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after buying an additional 997 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Farmers National Banc during the first quarter valued at approximately $140,000. Inspire Investing LLC lifted its stake in Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Farmers National Banc in the 1st quarter valued at $73,000. Finally, Farmers Trust Co. boosted its holdings in shares of Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock valued at $6,298,000 after purchasing an additional 19,778 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Trading Down 1.2 %

Shares of FMNB stock opened at $13.69 on Monday. Farmers National Banc Corp. has a twelve month low of $10.85 and a twelve month high of $16.32. The stock’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $13.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $514.47 million, a P/E ratio of 10.07 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. As a group, sell-side analysts predict that Farmers National Banc Corp. will post 1.36 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

FMNB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Raymond James lifted their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.67.

Insider Transactions at Farmers National Banc

In related news, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the sale, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total transaction of $31,760.00. Following the sale, the executive vice president now owns 27,116 shares of the company’s stock, valued at approximately $430,602.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Farmers National Banc 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.