Odyssean LLC Invests $466,000 in Farmers National Banc Corp. $FMNB

Odyssean LLC purchased a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,899 shares of the bank’s stock, valued at approximately $466,000. Odyssean LLC owned approximately 0.05% of Farmers National Banc at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smithfield Trust Co bought a new stake in Farmers National Banc in the fourth quarter worth $30,000. Godfrey Financial Associates Inc. bought a new position in Farmers National Banc during the fourth quarter valued at about $37,000. Parallel Advisors LLC raised its holdings in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after buying an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Farmers National Banc by 9,065.7% in the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after buying an additional 3,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Farmers National Banc by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered Farmers National Banc from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Farmers National Banc has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Stock Performance

Shares of FMNB opened at $15.77 on Friday. The company has a market capitalization of $934.37 million, a PE ratio of 10.73 and a beta of 0.76. Farmers National Banc Corp. has a one year low of $12.12 and a one year high of $16.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $15.18 and its 200 day moving average price is $14.17.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The company had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. As a group, analysts expect that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.72 annualized dividend and a dividend yield of 4.6%. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.17. Farmers National Banc’s payout ratio is presently 46.26%.

Insider Activity

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the sale, the executive vice president owned 32,020 shares of the company’s stock, valued at $511,359.40. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by insiders.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.