Price T Rowe Associates Inc. MD Makes New Investment in Farmers National Banc Corp. (NASDAQ:FMNB)

Price T Rowe Associates Inc. MD acquired a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,431 shares of the bank’s stock, valued at approximately $140,000.

Other large investors also recently added to or reduced their stakes in the company. PEAK6 Investments LLC purchased a new position in shares of Farmers National Banc during the first quarter valued at approximately $248,000. EntryPoint Capital LLC purchased a new position in shares of Farmers National Banc during the first quarter valued at approximately $73,000. BNP Paribas Financial Markets boosted its position in shares of Farmers National Banc by 74.8% during the first quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock valued at $242,000 after buying an additional 7,761 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Farmers National Banc by 15.3% during the first quarter. Assenagon Asset Management S.A. now owns 30,500 shares of the bank’s stock valued at $407,000 after buying an additional 4,044 shares during the period. Finally, True Wealth Design LLC purchased a new position in shares of Farmers National Banc during the fourth quarter valued at approximately $89,000. 38.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FMNB. Raymond James boosted their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.67.

Insider Buying and Selling

In related news, EVP Mark J. Wenick sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now owns 27,116 shares of the company’s stock, valued at $430,602.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 2,307 shares of company stock valued at $28,108 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Farmers National Banc Stock Up 2.6 %

Shares of NASDAQ FMNB opened at $14.42 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $541.47 million, a price-to-earnings ratio of 9.94 and a beta of 0.84. The stock has a 50 day moving average price of $13.37 and a 200 day moving average price of $13.03. Farmers National Banc Corp. has a 52-week low of $10.38 and a 52-week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.78%. Sell-side analysts expect that Farmers National Banc Corp. will post 1.37 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Friday, June 14th. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

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.