Los Angeles Capital Management LLC Acquires New Shares in Farmers National Banc Corp. (NASDAQ:FMNB)

Los Angeles Capital Management LLC acquired a new stake in Farmers National Banc Corp. (NASDAQ:FMNB) during the third quarter, Holdings Channel reports. The fund acquired 20,537 shares of the bank’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMNB. EntryPoint Capital LLC purchased a new stake in Farmers National Banc in the first quarter valued at approximately $73,000. Price T Rowe Associates Inc. MD purchased a new stake in Farmers National Banc in the first quarter valued at approximately $140,000. Cubist Systematic Strategies LLC raised its position in Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC purchased a new stake in Farmers National Banc in the third quarter valued at approximately $214,000. Finally, Busey Bank purchased a new stake in Farmers National Banc in the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $15.31 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $14.79 and a 200 day moving average price of $13.85. The company has a market cap of $575.47 million, a P/E ratio of 12.45 and a beta of 0.83. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. Sell-side analysts predict that Farmers National Banc Corp. will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.44%. Farmers National Banc’s payout ratio is currently 55.28%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James upped their price objective on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.67.

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.