Farmers National Banc Corp. (NASDAQ:FMNB) Shares Sold by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP cut its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 45.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,792 shares of the bank’s stock after selling 77,862 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Farmers National Banc were worth $1,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FMNB. FMR LLC increased its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Farmers National Banc during the 4th quarter worth about $31,000. Matrix Trust Co increased 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 worth $95,000 after purchasing an additional 5,733 shares during the last quarter. BNP Paribas Financial Markets increased 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 worth $124,000 after purchasing an additional 829 shares during the last quarter. Finally, Asset Dedication LLC increased 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 worth $134,000 after purchasing an additional 8,975 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares of the company’s stock, valued at approximately $685,762. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $14.41 on Thursday. The firm has a market capitalization of $541.64 million, a PE ratio of 11.81 and a beta of 0.86. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The stock’s 50-day simple moving average is $13.90 and its 200-day simple moving average is $14.59. 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 (NASDAQ:FMNB) last posted its quarterly 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 return on equity of 11.71% and a net margin of 17.05%. As a group, equities research analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

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.