Macnealy Hoover Investment Management Inc. Trims Position in Farmers National Banc Corp (FMNB)

Macnealy Hoover Investment Management Inc. reduced its stake in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 602,215 shares of the bank’s stock after selling 8,355 shares during the quarter. Farmers National Banc accounts for 6.4% of Macnealy Hoover Investment Management Inc.’s holdings, making the stock its 2nd largest position. Macnealy Hoover Investment Management Inc.’s holdings in Farmers National Banc were worth $8,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FMNB. Martingale Asset Management L P raised its holdings in shares of Farmers National Banc by 19.2% in the third quarter. Martingale Asset Management L P now owns 68,241 shares of the bank’s stock valued at $1,045,000 after purchasing an additional 11,008 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Farmers National Banc by 1.8% in the third quarter. BlackRock Inc. now owns 1,352,888 shares of the bank’s stock valued at $20,699,000 after purchasing an additional 23,333 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Farmers National Banc by 8.1% in the third quarter. Dimensional Fund Advisors LP now owns 664,190 shares of the bank’s stock valued at $10,162,000 after purchasing an additional 49,878 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Farmers National Banc by 10.1% in the third quarter. Renaissance Technologies LLC now owns 229,617 shares of the bank’s stock valued at $3,513,000 after purchasing an additional 21,117 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in shares of Farmers National Banc by 52.1% in the third quarter. MetLife Investment Advisors LLC now owns 20,409 shares of the bank’s stock valued at $312,000 after purchasing an additional 6,995 shares during the last quarter. Institutional investors own 36.73% of the company’s stock.

NASDAQ FMNB traded up $0.05 during trading hours on Tuesday, reaching $14.07. 19,446 shares of the company were exchanged, compared to its average volume of 27,853. Farmers National Banc Corp has a 1 year low of $11.56 and a 1 year high of $16.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $395.74 million, a PE ratio of 12.42 and a beta of 0.78.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Farmers National Banc had a net margin of 27.77% and a return on equity of 12.97%. The business had revenue of $26.78 million during the quarter, compared to the consensus estimate of $27.21 million. As a group, analysts forecast that Farmers National Banc Corp will post 1.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.08. Farmers National Banc’s dividend payout ratio (DPR) is 31.30%.

Several brokerages have recently commented on FMNB. BidaskClub upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Friday, January 18th. Finally, ValuEngine downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Farmers National Banc has a consensus rating of “Hold” and an average target price of $16.88.

In related news, CEO Kevin J. Helmick acquired 2,861 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the completion of the acquisition, the chief executive officer now owns 70,072 shares of the company’s stock, valued at approximately $906,731.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 3,982 shares of company stock valued at $52,409 in the last 90 days. 8.66% of the stock is currently owned by corporate insiders.

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Farmers National Banc Company 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, MasterCard and Visa credit cards, brokerage, and other services.

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

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