Brandywine Global Investment Management LLC Lowers Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Brandywine Global Investment Management LLC lowered its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,965 shares of the bank’s stock after selling 4,000 shares during the quarter. Brandywine Global Investment Management LLC owned 0.24% of Farmers National Banc worth $1,265,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FMNB. FMR LLC raised its holdings in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares in the last quarter. R Squared Ltd purchased a new position in shares of Farmers National Banc during the 4th quarter worth approximately $31,000. Matrix Trust Co boosted its stake in shares of Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after buying an additional 5,733 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Farmers National Banc during the fourth quarter worth $95,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after purchasing an additional 829 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $13.12 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $493.51 million, a price-to-earnings ratio of 10.75 and a beta of 0.86. The company’s 50-day moving average price is $13.74 and its 200 day moving average price is $14.35. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating 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%. As a group, 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 disclosed 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. This represents a $0.68 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler reduced their price objective 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. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now owns 48,983 shares of the company’s stock, valued at $685,762. This represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gina A. Richardson acquired 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, with a total value of $32,092.50. Following the transaction, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.

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.