Farmers National Banc Corp (FMNB) Holdings Decreased by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 12.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,199 shares of the bank’s stock after selling 7,853 shares during the period. First Trust Advisors LP owned about 0.20% of Farmers National Banc worth $816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Farmers National Banc by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 945,068 shares of the bank’s stock valued at $13,704,000 after buying an additional 25,377 shares in the last quarter. State Street Corp raised its holdings in shares of Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock valued at $6,638,000 after buying an additional 44,733 shares in the last quarter. LSV Asset Management raised its holdings in shares of Farmers National Banc by 137.7% during the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock valued at $5,497,000 after buying an additional 219,631 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Farmers National Banc by 28.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 334,150 shares of the bank’s stock valued at $4,845,000 after buying an additional 73,249 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Farmers National Banc by 9.1% during the 2nd quarter. Northern Trust Corp now owns 276,716 shares of the bank’s stock valued at $4,013,000 after buying an additional 23,073 shares in the last quarter. 34.49% of the stock is currently owned by institutional investors.

Farmers National Banc Corp (NASDAQ FMNB) opened at $14.90 on Thursday. The firm has a market capitalization of $415.92, a PE ratio of 17.56 and a beta of 0.42. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc Corp has a 1-year low of $12.13 and a 1-year high of $15.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. Farmers National Banc’s dividend payout ratio is 28.57%.

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 price objective on shares of Farmers National Banc in a report on Tuesday, October 3rd. ValuEngine raised Farmers National Banc from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Farmers National Banc has a consensus rating of “Hold” and an average price target of $16.00.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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

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