Stifel Financial Corp Has $619,000 Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Stifel Financial Corp decreased its position in Farmers National Banc Corp. (NASDAQ:FMNB) by 13.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,910 shares of the bank’s stock after selling 6,500 shares during the period. Stifel Financial Corp’s holdings in Farmers National Banc were worth $619,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the period. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 829 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of Farmers National Banc in the third quarter worth $157,000. Cubist Systematic Strategies LLC lifted its position in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Farmers National Banc in the 3rd quarter valued at $214,000. Institutional investors own 38.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler restated a “neutral” rating and set a $17.00 price objective on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Farmers National Banc Stock Down 0.1 %

FMNB opened at $14.30 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day moving average of $15.06 and a 200-day moving average of $14.42. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The company has a market capitalization of $537.51 million, a P/E ratio of 11.63 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. On average, equities analysts expect that Farmers National Banc Corp. will post 1.23 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

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.