21,025 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by Rodgers Brothers Inc.

Rodgers Brothers Inc. purchased a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,025 shares of the bank’s stock, valued at approximately $299,000. Rodgers Brothers Inc. owned approximately 0.06% of Farmers National Banc at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMNB. FMR LLC grew its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. R Squared Ltd acquired a new position in Farmers National Banc during the 4th quarter valued at about $31,000. Matrix Trust Co increased its holdings in Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after purchasing an additional 5,733 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Farmers National Banc in the fourth quarter worth approximately $95,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after purchasing an additional 829 shares in the last quarter. Institutional investors own 38.72% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on FMNB shares. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. 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 research note on Monday, February 3rd.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $13.05 on Tuesday. The company has a market capitalization of $490.88 million, a PE ratio of 10.70 and a beta of 0.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $13.75 and its 200-day moving average price is $14.37. Farmers National Banc Corp. has a twelve month low of $11.55 and a twelve month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.21%. Farmers National Banc’s payout ratio is currently 55.74%.

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.