Beese Fulmer Investment Management Inc. Reduces Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Beese Fulmer Investment Management Inc. lessened its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNBFree Report) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 350,091 shares of the bank’s stock after selling 2,160 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Farmers National Banc were worth $4,978,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FMNB. FMR LLC raised its stake in shares of Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the period. R Squared Ltd purchased a new stake in Farmers National Banc in the 4th quarter worth about $31,000. Matrix Trust Co lifted its stake in Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after purchasing an additional 5,733 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the period. Finally, Asset Dedication LLC grew its stake in shares of Farmers National Banc by 1,998.9% during the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock valued at $134,000 after buying an additional 8,975 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler cut their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday.

Get Our Latest Stock Report on Farmers National Banc

Insiders Place Their Bets

In other news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the sale, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is owned by company insiders.

Farmers National Banc Trading Down 0.6 %

FMNB opened at $13.93 on Friday. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a market capitalization of $523.63 million, a P/E ratio of 11.42 and a beta of 0.86. The stock’s fifty day moving average is $14.28 and its two-hundred day moving average is $14.65. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNBGet Free Report) last issued its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts forecast that Farmers National Banc Corp. will post 1.44 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is 55.74%.

About Farmers National Banc

(Free Report)

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.

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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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