KLP Kapitalforvaltning AS Invests $95,000 in Farmers National Banc Corp. (NASDAQ:FMNB)

KLP Kapitalforvaltning AS bought a new stake in shares of Farmers National Banc Corp. (NASDAQ:FMNB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 6,700 shares of the bank’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMNB. 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 valued at $31,000 after purchasing an additional 835 shares during the period. R Squared Ltd bought a new stake in shares of Farmers National Banc during the 4th quarter valued at about $31,000. Matrix Trust Co boosted its stake 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 purchasing an additional 5,733 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the period. 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 worth $134,000 after buying an additional 8,975 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the sale, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gina A. Richardson purchased 2,334 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $13.75 per share, with a total value of $32,092.50. Following the purchase, the director now directly owns 9,896 shares of the company’s stock, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Farmers National Banc Trading Down 4.1 %

NASDAQ:FMNB opened at $11.98 on Friday. The firm has a market capitalization of $450.63 million, a P/E ratio of 9.82 and a beta of 0.77. 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 one year low of $11.55 and a one year high of $16.32. The company’s 50-day simple moving average is $13.48 and its 200 day simple moving average is $14.18.

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

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.68%. Farmers National Banc’s payout ratio is presently 55.74%.

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.