Farmers National Banc Corp (FMNB) Holdings Increased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in Farmers National Banc Corp (NASDAQ:FMNB) by 21.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,224 shares of the bank’s stock after purchasing an additional 5,160 shares during the period. Wedge Capital Management L L P NC’s holdings in Farmers National Banc were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Farmers National Banc by 509.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,301 shares of the bank’s stock valued at $73,000 after buying an additional 4,431 shares during the period. Bessemer Group Inc. increased its stake in shares of Farmers National Banc by 14.9% during the fourth quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after buying an additional 1,000 shares during the period. Citigroup Inc. increased its stake in shares of Farmers National Banc by 17.2% during the fourth quarter. Citigroup Inc. now owns 7,942 shares of the bank’s stock valued at $101,000 after buying an additional 1,164 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Farmers National Banc by 405.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,719 shares of the bank’s stock valued at $111,000 after buying an additional 6,995 shares during the period. Finally, Ramsey Quantitative Systems increased its stake in shares of Farmers National Banc by 29.4% during the fourth quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock valued at $118,000 after buying an additional 2,113 shares during the period. Hedge funds and other institutional investors own 36.70% of the company’s stock.

FMNB has been the topic of a number of recent research reports. Zacks Investment Research lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Friday, April 5th. ValuEngine downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, Raymond James upped their price target on Farmers National Banc from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.17.

NASDAQ FMNB traded up $0.06 during trading hours on Thursday, hitting $14.69. 3,983 shares of the company were exchanged, compared to its average volume of 29,095. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. Farmers National Banc Corp has a 52-week low of $11.56 and a 52-week high of $16.90. The company has a market cap of $404.36 million, a price-to-earnings ratio of 12.77 and a beta of 0.78.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Farmers National Banc had a return on equity of 12.82% and a net margin of 27.42%. The business had revenue of $26.49 million for the quarter, compared to the consensus estimate of $26.79 million. Equities research analysts anticipate that Farmers National Banc Corp will post 1.25 earnings per share for the current fiscal year.

In other news, CEO Kevin J. Helmick bought 2,861 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of $12.94 per share, with a total value of $37,021.34. Following the transaction, the chief executive officer now directly owns 70,072 shares in the company, valued at $906,731.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders purchased 3,772 shares of company stock valued at $50,280. Insiders own 8.66% of the company’s stock.

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About Farmers National Banc

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.

Further Reading: Capital gains and your 401(k) or IRA

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

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