Legal & General Group Plc Purchases New Shares in Farmers National Banc Corp. $FMNB

Legal & General Group Plc acquired a new stake in Farmers National Banc Corp. (NASDAQ:FMNB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,273 shares of the bank’s stock, valued at approximately $646,000. Legal & General Group Plc owned approximately 0.07% of Farmers National Banc as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of FMNB. AQR Capital Management LLC boosted its stake in shares of Farmers National Banc by 94.6% during the 1st 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. raised its stake in shares of Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after buying an additional 936 shares during the period. Empowered Funds LLC lifted its position in shares of Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after buying an additional 12,735 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Farmers National Banc during the 1st quarter valued at approximately $830,000. Finally, Rhumbline Advisers grew its stake in Farmers National Banc by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 55,437 shares of the bank’s stock valued at $764,000 after acquiring an additional 2,212 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Trading Down 1.5%

Shares of FMNB opened at $15.83 on Wednesday. Farmers National Banc Corp. has a 52-week low of $12.12 and a 52-week high of $16.46. The stock has a market cap of $937.93 million, a PE ratio of 10.77 and a beta of 0.76. The firm’s fifty day moving average is $15.39 and its two-hundred day moving average is $14.30. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. Research analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, September 11th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. Farmers National Banc’s payout ratio is currently 46.26%.

Analysts Set New Price Targets

Several brokerages recently commented on FMNB. Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Farmers National Banc currently has an average rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In other Farmers National Banc news, EVP Mark Wenick sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares of the company’s stock, valued at $511,359.40. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Voinovich sold 23,309 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Farmers National Banc Company Profile

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.