Schneider Downs Wealth Management Advisors LP Sells 77,862 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Schneider Downs Wealth Management Advisors LP lowered its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 45.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,792 shares of the bank’s stock after selling 77,862 shares during the period. Schneider Downs Wealth Management Advisors LP owned approximately 0.25% of Farmers National Banc worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FMNB. FMR LLC lifted its stake in shares of Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the period. R Squared Ltd bought a new position in shares of Farmers National Banc in the 4th quarter worth approximately $31,000. Matrix Trust Co increased its holdings in Farmers National Banc by 606.0% in the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after acquiring an additional 5,733 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in 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 in the last quarter. Finally, Asset Dedication LLC increased its holdings in Farmers National Banc by 1,998.9% in the 4th quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock worth $134,000 after acquiring an additional 8,975 shares in the last quarter. Institutional investors own 38.72% of the company’s stock.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the sale, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is owned by insiders.

Farmers National Banc Price Performance

FMNB opened at $14.41 on Thursday. The business’s 50-day moving average is $13.90 and its two-hundred day moving average is $14.59. Farmers National Banc Corp. has a 1 year low of $11.55 and a 1 year 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 market capitalization of $541.64 million, a PE ratio of 11.81 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping 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%. Research analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FMNB has been the subject of several analyst reports. Piper Sandler reduced their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Farmers National Banc Company Profile

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.