Bank of America Corp DE Buys 16,926 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Bank of America Corp DE lifted its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 42.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 56,883 shares of the bank’s stock after purchasing an additional 16,926 shares during the quarter. Bank of America Corp DE’s holdings in Farmers National Banc were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in Farmers National Banc in the 4th quarter valued at $36,000. Huntington National Bank raised its position in shares of Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock worth $49,000 after acquiring an additional 1,000 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Farmers National Banc during the fourth quarter valued at $95,000. Intellus Advisors LLC bought a new position in Farmers National Banc in the fourth quarter valued at about $163,000. Finally, Everhart Financial Group Inc. bought a new position in Farmers National Banc in the fourth quarter valued at about $164,000. Institutional investors own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an “outperform” rating and set a $15.00 price objective (down from $17.00) on shares of Farmers National Banc in a report on Monday, April 21st.

Farmers National Banc Price Performance

Shares of FMNB stock opened at $13.27 on Monday. The firm’s 50 day moving average price is $13.00 and its two-hundred day moving average price is $13.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The stock has a market cap of $499.15 million, a PE ratio of 10.88 and a beta of 0.81.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, April 16th. 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 return on equity of 11.71% and a net margin of 17.05%. The company had revenue of $44.68 million for the quarter, compared to the consensus estimate of $45.10 million. As a group, analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, June 13th. Farmers National Banc’s payout ratio is 53.13%.

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.