Beese Fulmer Investment Management Inc. Raises Position in Farmers National Banc Corp. $FMNB

Beese Fulmer Investment Management Inc. grew its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 11.8% during the 4th quarter, Holdings Channel reports. The fund owned 374,090 shares of the bank’s stock after buying an additional 39,539 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Farmers National Banc were worth $4,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FMNB. First Trust Advisors LP boosted its holdings in shares of Farmers National Banc by 454.6% in the third quarter. First Trust Advisors LP now owns 137,655 shares of the bank’s stock valued at $1,984,000 after acquiring an additional 112,834 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Farmers National Banc by 42.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 220,076 shares of the bank’s stock valued at $3,171,000 after acquiring an additional 65,569 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Farmers National Banc in the first quarter valued at about $830,000. Vanguard Group Inc. boosted its holdings in shares of Farmers National Banc by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock valued at $30,655,000 after acquiring an additional 52,854 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Farmers National Banc by 55.2% in the third quarter. Squarepoint Ops LLC now owns 134,445 shares of the bank’s stock valued at $1,937,000 after acquiring an additional 47,839 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Stock Down 1.1%

FMNB stock opened at $13.67 on Friday. The company has a market cap of $809.54 million, a P/E ratio of 9.43 and a beta of 0.77. Farmers National Banc Corp. has a 52 week low of $12.12 and a 52 week high of $15.50. The company’s 50-day moving average price is $13.43 and its 200 day moving average price is $13.45. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FMNB shares. Piper Sandler lifted their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Wall Street Zen raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. 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 assigned a Hold rating to the stock. According to MarketBeat.com, Farmers National Banc currently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In other Farmers National Banc news, Director Edward Muransky bought 40,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the completion of the transaction, the director owned 196,020 shares in the company, valued at approximately $2,497,294.80. The trade was a 25.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 41,672 shares of company stock worth $530,974 over the last quarter. 3.50% of the stock is currently owned by insiders.

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.