Farmers National Banc Corp. (FMNB) Position Boosted by Northern Trust Corp

Northern Trust Corp raised its position in shares of Farmers National Banc Corp. (NASDAQ:FMNB) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,716 shares of the bank’s stock after purchasing an additional 23,073 shares during the quarter. Northern Trust Corp owned about 1.02% of Farmers National Banc Corp. worth $4,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Farmers National Banc Corp. by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 919,691 shares of the bank’s stock valued at $13,197,000 after purchasing an additional 48,719 shares in the last quarter. LSV Asset Management boosted its stake in Farmers National Banc Corp. by 137.7% during the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock valued at $5,497,000 after purchasing an additional 219,631 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Farmers National Banc Corp. by 35.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 260,901 shares of the bank’s stock valued at $3,743,000 after purchasing an additional 68,705 shares in the last quarter. Geode Capital Management LLC boosted its stake in Farmers National Banc Corp. by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 235,229 shares of the bank’s stock valued at $3,375,000 after purchasing an additional 9,433 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its stake in Farmers National Banc Corp. by 110.8% during the 2nd quarter. Bowling Portfolio Management LLC now owns 94,063 shares of the bank’s stock valued at $1,364,000 after purchasing an additional 49,448 shares in the last quarter. 33.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. BidaskClub lowered Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 price target on shares of Farmers National Banc Corp. in a research note on Thursday, July 27th. Zacks Investment Research lowered Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, ValuEngine lowered Farmers National Banc Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Farmers National Banc Corp. currently has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Corp. (NASDAQ FMNB) opened at $14.10 on Tuesday. Farmers National Banc Corp. has a one year low of $11.80 and a one year high of $15.95. The stock has a market capitalization of $386.99, a price-to-earnings ratio of 16.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

WARNING: “Farmers National Banc Corp. (FMNB) Position Boosted by Northern Trust Corp” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://sportsperspectives.com/2017/11/21/farmers-national-banc-corp-fmnb-position-boosted-by-northern-trust-corp.html.

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).

Want to see what other hedge funds are holding FMNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers National Banc Corp. (NASDAQ:FMNB).

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

Receive News & Ratings for Farmers National Banc Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply