Los Angeles Capital Management LLC Invests $311,000 in Farmers National Banc Corp. (NASDAQ:FMNB)

Los Angeles Capital Management LLC acquired a new position in Farmers National Banc Corp. (NASDAQ:FMNB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,537 shares of the bank’s stock, valued at approximately $311,000. Los Angeles Capital Management LLC owned about 0.05% of Farmers National Banc as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in Farmers National Banc during the first quarter worth about $73,000. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc during the first quarter valued at $140,000. Cubist Systematic Strategies LLC increased its holdings in Farmers National Banc by 8.1% in the second 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. SG Americas Securities LLC acquired a new position in shares of Farmers National Banc in the third quarter worth about $214,000. Finally, Busey Bank purchased a new stake in shares of Farmers National Banc during the 2nd quarter worth about $224,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James lifted their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.67.

Insider Transactions at Farmers National Banc

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 stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. The trade was a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.

Farmers National Banc Trading Down 0.2 %

FMNB stock opened at $15.31 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a 12-month low of $11.55 and a 12-month high of $16.32. The stock has a market cap of $575.47 million, a price-to-earnings ratio of 12.45 and a beta of 0.83. The business’s 50-day moving average is $14.79 and its 200 day moving average is $13.85.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The firm had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. On average, sell-side analysts anticipate that Farmers National Banc Corp. will post 1.24 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio is currently 55.28%.

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.