5,465 Shares in Farmers National Banc Corp. (NASDAQ:FMNB) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in Farmers National Banc Corp. (NASDAQ:FMNB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 5,465 shares of the bank’s stock, valued at approximately $73,000.

Several other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at about $89,000. Hunter Associates Investment Management LLC lifted its position in Farmers National Banc by 9.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock valued at $216,000 after purchasing an additional 1,282 shares during the period. New York State Common Retirement Fund boosted its holdings in Farmers National Banc by 46.3% in the 4th quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock valued at $243,000 after purchasing an additional 5,320 shares in the last quarter. BNP Paribas Financial Markets increased its position in Farmers National Banc by 74.8% during the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock worth $242,000 after purchasing an additional 7,761 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Farmers National Banc by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 20,552 shares of the bank’s stock worth $297,000 after buying an additional 4,293 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $16.06 on Friday. The firm has a market capitalization of $603.05 million, a price-to-earnings ratio of 11.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50 day simple moving average is $12.73 and its 200-day simple moving average is $12.97. Farmers National Banc Corp. has a 12 month low of $10.38 and a 12 month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. The company had revenue of $66.45 million for the quarter, compared to the consensus estimate of $42.15 million. As a group, equities analysts forecast that Farmers National Banc Corp. will post 1.32 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

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. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.23%. Farmers National Banc’s payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

FMNB has been the topic of a number of analyst reports. Raymond James lifted their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from 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.