Jane Street Group LLC Decreases Stake in Farmers National Banc Corp. (NASDAQ:FMNB)

Jane Street Group LLC decreased its holdings in Farmers National Banc Corp. (NASDAQ:FMNB) by 27.2% in the third quarter, Holdings Channel reports. The fund owned 27,386 shares of the bank’s stock after selling 10,245 shares during the period. Jane Street Group LLC’s holdings in Farmers National Banc were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC boosted its stake in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after buying an additional 835 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the period. Virtus Investment Advisers Inc. purchased a new stake in shares of Farmers National Banc during the 3rd quarter valued at approximately $148,000. PEAK6 Investments LLC acquired a new position in Farmers National Banc in the third quarter valued at approximately $157,000. Finally, Cubist Systematic Strategies LLC grew 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 worth $165,000 after acquiring an additional 997 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $13.38 on Wednesday. The firm has a 50 day moving average of $14.96 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $502.93 million, a PE ratio of 10.88 and a beta of 0.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32.

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

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 5.08%. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler reissued a “neutral” rating and issued a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st.

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.