Asset Dedication LLC Buys 8,975 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Asset Dedication LLC grew its stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 1,998.9% during the fourth quarter, HoldingsChannel reports. The firm owned 9,424 shares of the bank’s stock after purchasing an additional 8,975 shares during the quarter. Asset Dedication LLC’s holdings in Farmers National Banc were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Farmers National Banc during the 4th quarter valued at approximately $31,000. Twelve Points Wealth Management LLC lifted its stake in shares of Farmers National Banc by 7.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 62,808 shares of the bank’s stock valued at $893,000 after purchasing an additional 4,194 shares during the period. Inspire Investing LLC boosted its position in shares of Farmers National Banc by 2.8% during the fourth quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock valued at $398,000 after purchasing an additional 776 shares in the last quarter. SG Americas Securities LLC grew its stake in Farmers National Banc by 11.2% in the fourth quarter. SG Americas Securities LLC now owns 15,773 shares of the bank’s stock worth $224,000 after purchasing an additional 1,590 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Farmers National Banc during the fourth quarter valued at $559,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Down 0.6 %

NASDAQ FMNB opened at $13.99 on Friday. The stock’s fifty day moving average price is $14.46 and its 200-day moving average price is $14.66. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $525.88 million, a P/E ratio of 11.37 and a beta of 0.86. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, equities analysts forecast that Farmers National Banc Corp. will post 1.23 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.86%. Farmers National Banc’s payout ratio is currently 55.28%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler restated a “neutral” rating and issued a $17.00 price objective on shares of Farmers National Banc in a report on Thursday, November 21st.

About Farmers National Banc

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.