American Century Companies Inc. Lowers Position in Farmers National Banc Corp. (NASDAQ:FMNB)

American Century Companies Inc. reduced its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,837 shares of the bank’s stock after selling 7,355 shares during the period. American Century Companies Inc.’s holdings in Farmers National Banc were worth $4,221,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the period. R Squared Ltd purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $31,000. Matrix Trust Co grew its holdings in Farmers National Banc by 606.0% during the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after acquiring an additional 5,733 shares during the period. BNP Paribas Financial Markets raised its position in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares in the last quarter. Finally, Asset Dedication LLC lifted its holdings in Farmers National Banc by 1,998.9% in the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock valued at $134,000 after acquiring an additional 8,975 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Stock Down 1.1 %

FMNB opened at $12.09 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $454.77 million, a price-to-earnings ratio of 9.91 and a beta of 0.86. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The business’s fifty day moving average is $13.69 and its two-hundred day moving average is $14.30.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.62%. Farmers National Banc’s dividend payout ratio (DPR) is 55.74%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FMNB shares. Piper Sandler cut their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Insider Buying and Selling

In other news, Director Gina A. Richardson bought 2,334 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $13.75 per share, with a total value of $32,092.50. Following the purchase, the director now owns 9,896 shares of the company’s stock, valued at $136,070. This trade represents a 30.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

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.