Farmers National Banc Corp. (NASDAQ:FMNB) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lowered its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 59.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,947 shares of the bank’s stock after selling 146,620 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 0.27% of Farmers National Banc worth $1,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after purchasing an additional 40,367 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Farmers National Banc by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after buying an additional 2,241 shares during the period. FMR LLC raised its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after buying an additional 835 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Farmers National Banc in the third quarter valued at approximately $157,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Insider Buying and Selling

In other news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gina A. Richardson purchased 2,334 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares of the company’s stock, valued at $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Farmers National Banc Stock Up 0.5 %

FMNB stock opened at $12.93 on Thursday. The firm has a market cap of $486.36 million, a PE ratio of 10.60 and a beta of 0.86. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $14.41.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Equities research analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.26%. Farmers National Banc’s dividend payout ratio (DPR) is 55.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

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.