Brandywine Global Investment Management LLC Cuts Stock Holdings in Farmers National Banc Corp. (NASDAQ:FMNB)

Brandywine Global Investment Management LLC trimmed its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 88,965 shares of the bank’s stock after selling 4,000 shares during the period. Brandywine Global Investment Management LLC’s holdings in Farmers National Banc were worth $1,265,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its position in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the period. R Squared Ltd purchased a new stake in shares of Farmers National Banc during the 4th quarter worth about $31,000. Matrix Trust Co increased its position in 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Farmers National Banc in the fourth quarter valued at approximately $95,000. Finally, BNP Paribas Financial Markets lifted its position in Farmers National Banc by 11.2% during the third 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 in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Trading Down 0.3 %

NASDAQ FMNB opened at $13.12 on Thursday. The stock has a market cap of $493.51 million, a P/E ratio of 10.75 and a beta of 0.86. The company’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $14.35. The company has a current ratio of 0.74, a quick 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 data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Equities research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc’s dividend payout ratio is currently 55.74%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Farmers National Banc

In related news, Director Gina A. Richardson bought 2,334 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $13.75 per share, with a total value of $32,092.50. Following the transaction, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $200,200.00. Following the transaction, the director now directly owns 48,983 shares in the company, valued at $685,762. The trade was a 22.60 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

Farmers National Banc Company 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.