Sequoia Financial Advisors LLC Sells 5,447 Shares of Farmers National Banc Corp. (NASDAQ:FMNB)

Sequoia Financial Advisors LLC trimmed its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 17.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,843 shares of the bank’s stock after selling 5,447 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Farmers National Banc were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FMNB. Rhumbline Advisers increased its stake in shares of Farmers National Banc by 3.7% in the 4th quarter. Rhumbline Advisers now owns 56,491 shares of the bank’s stock worth $803,000 after acquiring an additional 2,025 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Farmers National Banc by 59.2% in the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock worth $4,486,000 after acquiring an additional 117,384 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Farmers National Banc by 16.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 96,979 shares of the bank’s stock worth $1,379,000 after acquiring an additional 13,618 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Farmers National Banc in the 4th quarter worth about $223,000. Finally, Teacher Retirement System of Texas increased its stake in Farmers National Banc by 51.4% during the 4th quarter. Teacher Retirement System of Texas now owns 48,299 shares of the bank’s stock valued at $687,000 after purchasing an additional 16,391 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Stock Up 0.6%

NASDAQ:FMNB opened at $14.59 on Friday. The firm has a market cap of $548.69 million, a P/E ratio of 11.39 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc Corp. has a fifty-two week low of $11.58 and a fifty-two week high of $16.32. The firm has a 50-day simple moving average of $13.37 and a two-hundred day simple moving average of $13.46.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data 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. The business had revenue of $44.68 million during the quarter, compared to analyst estimates of $45.10 million. Farmers National Banc had a net margin of 17.63% and a return on equity of 11.93%. Analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.66%. Farmers National Banc’s dividend payout ratio is currently 53.13%.

Analyst Upgrades and Downgrades

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

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.