Swiss National Bank Increases Stake in Farmers National Banc Corp. $FMNB

Swiss National Bank raised its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 48.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,987 shares of the bank’s stock after acquiring an additional 35,700 shares during the quarter. Swiss National Bank owned approximately 0.29% of Farmers National Banc worth $1,447,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Smithfield Trust Co purchased a new stake in Farmers National Banc in the 4th quarter worth approximately $30,000. Godfrey Financial Associates Inc. purchased a new position in shares of Farmers National Banc during the 4th quarter valued at approximately $37,000. Russell Investments Group Ltd. increased its holdings in shares of Farmers National Banc by 9,065.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,487 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Farmers National Banc by 220.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock valued at $64,000 after purchasing an additional 3,319 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

FMNB has been the topic of several analyst reports. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Finally, Piper Sandler increased their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Down 0.2%

Farmers National Banc stock opened at $15.86 on Friday. The stock has a market capitalization of $939.23 million, a PE ratio of 10.79 and a beta of 0.77. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $16.09. The business has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $13.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The business had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. On average, analysts anticipate that Farmers National Banc Corp. will post 1.68 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s payout ratio is presently 46.26%.

Insiders Place Their Bets

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Farmers National Banc 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.