62,041 Shares in Farmers National Banc Corp. $FMNB Bought by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 62,041 shares of the bank’s stock, valued at approximately $932,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Farmers National Banc by 8.8% in the third quarter. State of Alaska Department of Revenue now owns 9,058 shares of the bank’s stock worth $135,000 after acquiring an additional 731 shares during the period. SG Americas Securities LLC boosted its holdings in Farmers National Banc by 6.4% in the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock valued at $200,000 after acquiring an additional 920 shares in the last quarter. Fifth Third Bancorp increased its position in Farmers National Banc by 5.3% during the 2nd quarter. Fifth Third Bancorp now owns 20,092 shares of the bank’s stock valued at $293,000 after purchasing an additional 1,006 shares during the period. PNC Financial Services Group Inc. increased its position in Farmers National Banc by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 55,292 shares of the bank’s stock valued at $728,000 after purchasing an additional 1,123 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after purchasing an additional 1,288 shares in the last quarter. Institutional investors own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Farmers National Banc Stock Down 1.0%

Shares of NASDAQ:FMNB opened at $15.31 on Thursday. Farmers National Banc Corp. has a 52-week low of $12.12 and a 52-week high of $16.46. The firm has a market capitalization of $907.12 million, a P/E ratio of 9.21 and a beta of 0.78. The stock has a 50 day moving average price of $15.53 and a 200-day moving average price of $14.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%. The company had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. As a group, equities research analysts anticipate that Farmers National Banc Corp. will post 1.68 EPS for the current fiscal year.

Farmers National Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, September 11th. Farmers National Banc’s dividend payout ratio is currently 48.98%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, EVP Mark Wenick sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares of the company’s stock, valued at approximately $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

About Farmers National Banc

Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Through its principal subsidiary, Farmers National Bank, the company provides community banking services to individuals, families and businesses.

Farmers National Bank offers deposit accounts, consumer and commercial lending, residential mortgages, online and mobile banking, treasury management and other financial services. The company also provides wealth management and trust services through Farmers Trust Company, as well as insurance-related services through its affiliated operations.

Founded in 1887, Farmers National Banc Corp.