Renaissance Technologies LLC Has $726,000 Stock Holdings in Farmers National Banc Corp. $FMNB

Renaissance Technologies LLC boosted its holdings in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 411.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,149 shares of the bank’s stock after purchasing an additional 44,365 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of Farmers National Banc worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smithfield Trust Co acquired a new position in shares of Farmers National Banc during the fourth quarter worth approximately $30,000. Godfrey Financial Associates Inc. bought a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $37,000. Parallel Advisors LLC grew its stake in shares of Farmers National Banc by 86.1% in the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Farmers National Banc by 9,065.7% in the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after acquiring an additional 3,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Insider Buying and Selling at Farmers National Banc

In other news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark J. Wenick sold 5,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the sale, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. This represents a 13.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FMNB. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Piper Sandler raised their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

Farmers National Banc Stock Down 0.4%

NASDAQ FMNB opened at $16.31 on Friday. Farmers National Banc Corp. has a 1-year low of $12.12 and a 1-year high of $16.46. The company has a market capitalization of $966.37 million, a price-to-earnings ratio of 11.10 and a beta of 0.76. The stock’s 50 day moving average is $14.93 and its two-hundred day moving average is $14.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%. Equities analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, June 12th. Farmers National Banc’s dividend payout ratio is 46.26%.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.