Stone Ridge Asset Management LLC Invests $205,000 in Farmers National Banc (FMNB)

Stone Ridge Asset Management LLC purchased a new stake in shares of Farmers National Banc (NASDAQ:FMNB) in the fourth quarter, Holdings Channel reports. The firm purchased 13,928 shares of the bank’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Farmers National Banc by 1.0% during the 4th quarter. BlackRock Inc. now owns 1,315,646 shares of the bank’s stock valued at $19,405,000 after purchasing an additional 13,027 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Farmers National Banc by 22.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock valued at $6,165,000 after purchasing an additional 75,463 shares in the last quarter. Farmers Trust Co. grew its position in Farmers National Banc by 3.8% in the fourth quarter. Farmers Trust Co. now owns 249,308 shares of the bank’s stock worth $3,678,000 after acquiring an additional 9,049 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in Farmers National Banc by 3.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 237,958 shares of the bank’s stock worth $3,510,000 after acquiring an additional 7,410 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Farmers National Banc by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 184,900 shares of the bank’s stock worth $2,727,000 after acquiring an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 35.14% of the company’s stock.

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Shares of NASDAQ:FMNB opened at $13.95 on Friday. Farmers National Banc has a 52-week low of $12.65 and a 52-week high of $15.95. The firm has a market capitalization of $396.65, a P/E ratio of 15.77 and a beta of 0.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Farmers National Banc had a net margin of 21.72% and a return on equity of 10.72%. The company had revenue of $25.12 million during the quarter, compared to analyst estimates of $25.90 million. sell-side analysts predict that Farmers National Banc will post 1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 2.01%. Farmers National Banc’s payout ratio is currently 31.11%.

Several brokerages recently issued reports on FMNB. Raymond James Financial upgraded shares of Farmers National Banc from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 27th. Zacks Investment Research lowered shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 target price on shares of Farmers National Banc in a research report on Friday, December 22nd. Sandler O’Neill reiterated a “hold” rating and issued a $15.00 target price on shares of Farmers National Banc in a research report on Tuesday, March 27th. Finally, ValuEngine upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.33.

In other Farmers National Banc news, Director Edward Muransky purchased 6,850 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $14.99 per share, with a total value of $102,681.50. Following the completion of the purchase, the director now directly owns 23,934 shares of the company’s stock, valued at approximately $358,770.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 8,212 shares of company stock valued at $121,597 over the last three months. 9.11% of the stock is currently owned by insiders.

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Farmers National Banc Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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

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