Farmers National Banc Corp. (NASDAQ:FMNB) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 93.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,361 shares of the bank’s stock after acquiring an additional 40,367 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Farmers National Banc worth $1,260,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new position in Farmers National Banc during the 1st quarter worth approximately $140,000. Cubist Systematic Strategies LLC boosted its stake in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC acquired a new stake in Farmers National Banc during the 3rd quarter valued at $214,000. Busey Bank purchased a new stake in Farmers National Banc during the 2nd quarter worth $224,000. Finally, PEAK6 Investments LLC acquired a new position in Farmers National Banc in the 1st quarter worth $248,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Up 0.2 %

FMNB stock opened at $15.78 on Wednesday. The firm has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $14.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32. The firm has a market cap of $593.14 million, a price-to-earnings ratio of 12.83 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Research analysts predict that Farmers National Banc Corp. will post 1.23 EPS for the current year.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FMNB shares. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.67.

Farmers National Banc Profile

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.