Pacific Ridge Capital Partners LLC Has $1.42 Million Position in Farmers National Banc Corp. (NASDAQ:FMNB)

Pacific Ridge Capital Partners LLC lessened its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,947 shares of the bank’s stock after selling 146,620 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Farmers National Banc were worth $1,421,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in shares of Farmers National Banc by 2.8% during the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after purchasing an additional 776 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 buying an additional 829 shares during the last quarter. FMR LLC raised its position in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. SG Americas Securities LLC lifted its stake in Farmers National Banc by 11.2% in the fourth quarter. SG Americas Securities LLC now owns 15,773 shares of the bank’s stock valued at $224,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Farmers National Banc by 3.7% in the fourth 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. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Farmers National Banc Trading Up 0.5 %

Shares of Farmers National Banc stock opened at $12.93 on Thursday. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The firm has a market capitalization of $486.36 million, a PE ratio of 10.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The company’s fifty day moving average price is $13.77 and its two-hundred day moving average price is $14.41.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results 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%. On average, analysts expect 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, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.26%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Insider Activity at Farmers National Banc

In related news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc 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 directly owns 48,983 shares of the company’s stock, valued at $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 available at this hyperlink. Also, Director Gina A. Richardson acquired 2,334 shares of the firm’s stock in a transaction 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 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 position. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

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.