Empowered Funds LLC Has $161,000 Stake in Farmers National Banc Corp. (NASDAQ:FMNB)

Empowered Funds LLC reduced its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 56.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,672 shares of the bank’s stock after selling 14,043 shares during the period. Empowered Funds LLC’s holdings in Farmers National Banc were worth $161,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PEAK6 Investments LLC purchased a new position in Farmers National Banc during the first quarter worth about $248,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Farmers National Banc in the 1st quarter worth approximately $140,000. Twelve Points Wealth Management LLC lifted its holdings in Farmers National Banc by 12.4% during the second quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock worth $678,000 after acquiring an additional 5,987 shares during the period. Busey Bank bought a new stake in Farmers National Banc during the second quarter worth $224,000. Finally, Bank of New York Mellon Corp boosted its position in Farmers National Banc by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock worth $2,834,000 after purchasing an additional 12,160 shares during the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FMNB. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Farmers National Banc in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.67.

Farmers National Banc Stock Performance

Farmers National Banc stock opened at $15.78 on Wednesday. The firm has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $14.00. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32. The company has a market capitalization of $593.14 million, a PE ratio of 12.83 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $42.90 million. Research analysts expect that Farmers National Banc Corp. will post 1.23 EPS for the current year.

About Farmers National Banc

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.