22,100 Shares in Farmers National Banc Corp. (FMNB) Purchased by PDT Partners LLC

PDT Partners LLC purchased a new position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,100 shares of the bank’s stock, valued at approximately $320,000. PDT Partners LLC owned 0.08% of Farmers National Banc Corp. at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FMNB. Wellington Management Group LLP purchased a new stake in Farmers National Banc Corp. during the first quarter worth about $5,383,000. LSV Asset Management increased its stake in Farmers National Banc Corp. by 137.7% during the second quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock worth $5,497,000 after purchasing an additional 219,631 shares during the period. Dimensional Fund Advisors LP increased its stake in Farmers National Banc Corp. by 28.1% during the second quarter. Dimensional Fund Advisors LP now owns 334,150 shares of the bank’s stock worth $4,845,000 after purchasing an additional 73,249 shares during the period. Martingale Asset Management L P purchased a new stake in Farmers National Banc Corp. during the second quarter worth about $916,000. Finally, Bowling Portfolio Management LLC increased its stake in Farmers National Banc Corp. by 110.8% during the second quarter. Bowling Portfolio Management LLC now owns 94,063 shares of the bank’s stock worth $1,364,000 after purchasing an additional 49,448 shares during the period. Institutional investors own 34.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/09/22100-shares-in-farmers-national-banc-corp-fmnb-purchased-by-pdt-partners-llc.html.

In related news, insider Mark J. Wenick bought 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $14.10 per share, for a total transaction of $31,020.00. Following the acquisition, the insider now owns 8,690 shares in the company, valued at approximately $122,529. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 4,780 shares of company stock worth $66,698. Company insiders own 7.80% of the company’s stock.

A number of analysts have issued reports on FMNB shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of Farmers National Banc Corp. in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Shares of Farmers National Banc Corp. (NASDAQ FMNB) opened at 15.45 on Monday. Farmers National Banc Corp. has a 1-year low of $9.98 and a 1-year high of $15.85. The company’s 50 day moving average is $14.05 and its 200-day moving average is $14.04. The stock has a market capitalization of $418.36 million, a price-to-earnings ratio of 18.98 and a beta of 0.46.

Farmers National Banc Corp. (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $24.43 million during the quarter, compared to analyst estimates of $24.80 million. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.25%. Equities analysts anticipate that Farmers National Banc Corp. will post $0.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.06 per share. This is an increase from Farmers National Banc Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, September 7th. Farmers National Banc Corp.’s dividend payout ratio (DPR) is presently 29.27%.

Farmers National Banc Corp. Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’

A number of other large investors have also modified their holdings of FMNB. Wellington Management Group LLP purchased a new stake in Farmers National Banc Corp. during the first quarter worth about $5,383,000. LSV Asset Management increased its stake in Farmers National Banc Corp. by 137.7% during the second quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock worth $5,497,000 after purchasing an additional 219,631 shares during the period. Dimensional Fund Advisors LP increased its stake in Farmers National Banc Corp. by 28.1% during the second quarter. Dimensional Fund Advisors LP now owns 334,150 shares of the bank’s stock worth $4,845,000 after purchasing an additional 73,249 shares during the period. Martingale Asset Management L P purchased a new stake in Farmers National Banc Corp. during the second quarter worth about $916,000. Finally, Bowling Portfolio Management LLC increased its stake in Farmers National Banc Corp. by 110.8% during the second quarter. Bowling Portfolio Management LLC now owns 94,063 shares of the bank’s stock worth $1,364,000 after purchasing an additional 49,448 shares during the period. Institutional investors own 34.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/09/22100-shares-in-farmers-national-banc-corp-fmnb-purchased-by-pdt-partners-llc.html.

In related news, insider Mark J. Wenick bought 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $14.10 per share, for a total transaction of $31,020.00. Following the acquisition, the insider now owns 8,690 shares in the company, valued at approximately $122,529. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 4,780 shares of company stock worth $66,698. Company insiders own 7.80% of the company’s stock.

A number of analysts have issued reports on FMNB shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 price target on shares of Farmers National Banc Corp. in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Shares of Farmers National Banc Corp. (NASDAQ FMNB) opened at 15.45 on Monday. Farmers National Banc Corp. has a 1-year low of $9.98 and a 1-year high of $15.85. The company’s 50 day moving average is $14.05 and its 200-day moving average is $14.04. The stock has a market capitalization of $418.36 million, a price-to-earnings ratio of 18.98 and a beta of 0.46.

Farmers National Banc Corp. (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $24.43 million during the quarter, compared to analyst estimates of $24.80 million. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.25%. Equities analysts anticipate that Farmers National Banc Corp. will post $0.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.06 per share. This is an increase from Farmers National Banc Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, September 7th. Farmers National Banc Corp.’s dividend payout ratio (DPR) is presently 29.27%.

Farmers National Banc Corp. Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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

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