Bank of New York Mellon Corp Purchases 117,384 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Bank of New York Mellon Corp grew its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 59.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,501 shares of the bank’s stock after purchasing an additional 117,384 shares during the quarter. Bank of New York Mellon Corp’s holdings in Farmers National Banc were worth $4,486,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. R Squared Ltd bought a new stake in shares of Farmers National Banc in the 4th quarter valued at $31,000. Matrix Trust Co lifted its position in shares of Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after acquiring an additional 5,733 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares during the period. Finally, Asset Dedication LLC lifted its position in shares of Farmers National Banc by 1,998.9% during the 4th 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. 38.72% of the stock is owned by institutional investors.

Farmers National Banc Stock Up 0.2 %

Farmers National Banc stock opened at $13.16 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $13.78 and its 200 day moving average is $14.51. Farmers National Banc Corp. has a 12-month low of $11.55 and a 12-month high of $16.32. The company has a market capitalization of $495.01 million, a PE ratio of 10.79 and a beta of 0.86.

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 17.05% and a return on equity of 11.71%. As a group, sell-side analysts predict 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 will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is 55.74%.

Insider Buying and Selling at Farmers National Banc

In related news, Director Ralph D. Macali sold 14,300 shares of the firm’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 transaction, the director now directly owns 48,983 shares of the company’s stock, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gina A. Richardson purchased 2,334 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares of the company’s stock, valued at $136,070. This represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FMNB. Piper Sandler dropped their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

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.