Walthausen & Co. LLC grew its holdings in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 19.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,470 shares of the bank’s stock after acquiring an additional 16,080 shares during the quarter. Walthausen & Co. LLC’s holdings in Farmers National Banc were worth $1,607,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FMNB. AJO LP acquired a new position in Farmers National Banc during the 4th quarter worth $30,000. New York State Teachers Retirement System acquired a new position in Farmers National Banc during the 4th quarter worth $38,000. Bank of Montreal Can boosted its position in Farmers National Banc by 32.2% during the 4th quarter. Bank of Montreal Can now owns 4,139 shares of the bank’s stock worth $67,000 after acquiring an additional 1,007 shares during the period. Russell Investments Group Ltd. boosted its position in Farmers National Banc by 4,800.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,900 shares of the bank’s stock worth $71,000 after acquiring an additional 4,800 shares during the period. Finally, Denali Advisors LLC boosted its position in Farmers National Banc by 5,786.2% during the 4th quarter. Denali Advisors LLC now owns 9,359 shares of the bank’s stock worth $153,000 after acquiring an additional 9,200 shares during the period. Institutional investors own 38.22% of the company’s stock.

FMNB has been the subject of a number of analyst reports. ValuEngine upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. BidaskClub lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Zacks Investment Research lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.50.

Shares of FMNB traded up $0.76 during midday trading on Thursday, reaching $12.04. The stock had a trading volume of 128,500 shares, compared to its average volume of 124,271. Farmers National Banc Corp has a 52 week low of $10.32 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50 day moving average price is $14.57 and its 200-day moving average price is $15.11. The company has a market capitalization of $320.27 million, a P/E ratio of 9.33 and a beta of 0.84.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Farmers National Banc had a return on equity of 12.49% and a net margin of 27.38%. The company had revenue of $28.81 million for the quarter, compared to the consensus estimate of $28.25 million. On average, equities analysts forecast that Farmers National Banc Corp will post 1.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, March 12th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.10. Farmers National Banc’s payout ratio is currently 34.11%.

In related news, Director Gregory C. Bestic bought 8,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $14.36 per share, with a total value of $114,880.00. Also, Director Gregory C. Bestic bought 2,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $14.28 per share, for a total transaction of $28,560.00. Following the completion of the transaction, the director now directly owns 52,097 shares of the company’s stock, valued at $743,945.16. The disclosure for this purchase can be found here. Insiders bought a total of 24,280 shares of company stock worth $363,651 in the last three months. Company insiders own 8.71% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.

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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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