Canada Pension Plan Investment Board Takes $604,000 Position in Farmers National Banc Corp. $FMNB

Canada Pension Plan Investment Board purchased a new stake in Farmers National Banc Corp. (NASDAQ:FMNB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 41,400 shares of the bank’s stock, valued at approximately $604,000.

Several other institutional investors have also recently bought and sold shares of the stock. Smithfield Trust Co acquired a new position in Farmers National Banc during the 4th quarter worth $30,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Farmers National Banc in the 4th quarter valued at $37,000. Parallel Advisors LLC increased its stake in shares of Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after buying an additional 1,288 shares during the period. Russell Investments Group Ltd. raised its position in shares of Farmers National Banc by 9,065.7% during 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 raised its position in shares of 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 last quarter. Institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FMNB. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Farmers National Banc has an average rating of “Hold” and a consensus price target of $16.00.

Insider Buying and Selling at Farmers National Banc

In other news, Director Michael C. Voinovich sold 23,309 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the sale, the executive vice president directly owned 32,020 shares of the company’s stock, valued at approximately $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Farmers National Banc Trading Down 1.5%

Shares of NASDAQ FMNB opened at $15.37 on Wednesday. The company’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $14.21. Farmers National Banc Corp. has a fifty-two week low of $12.12 and a fifty-two week high of $16.46. The firm has a market capitalization of $910.67 million, a P/E ratio of 10.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The firm had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $70.10 million. On average, analysts predict that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a $0.18 dividend. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.26%.

Farmers National Banc Company Profile

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.