Mackay Shields LLC Has $750,000 Position in Farmers National Banc Corp (NASDAQ:FMNB)

Mackay Shields LLC raised its stake in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,822 shares of the bank’s stock after buying an additional 7,400 shares during the quarter. Mackay Shields LLC owned about 0.19% of Farmers National Banc worth $750,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC grew its position in shares of Farmers National Banc by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 285,684 shares of the bank’s stock worth $4,237,000 after buying an additional 5,875 shares during the period. First Quadrant L P CA acquired a new position in shares of Farmers National Banc during the 3rd quarter worth about $29,000. Cetera Investment Advisers grew its position in shares of Farmers National Banc by 298.7% during the 2nd quarter. Cetera Investment Advisers now owns 106,402 shares of the bank’s stock worth $1,580,000 after buying an additional 79,715 shares during the period. Bank of Montreal Can grew its position in shares of Farmers National Banc by 84.1% during the 2nd quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock worth $45,000 after buying an additional 1,399 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Farmers National Banc during the 2nd quarter worth about $454,000. Institutional investors own 40.04% of the company’s stock.

NASDAQ:FMNB opened at $15.22 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.87. The stock has a market capitalization of $424.71 million, a PE ratio of 13.23 and a beta of 0.88. Farmers National Banc Corp has a fifty-two week low of $11.56 and a fifty-two week high of $15.63. The business’s 50-day simple moving average is $14.77 and its 200-day simple moving average is $14.38.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $28.20 million for the quarter, compared to analyst estimates of $28.29 million. Farmers National Banc had a return on equity of 12.46% and a net margin of 27.11%. On average, research analysts expect that Farmers National Banc Corp will post 1.25 earnings per share for the current year.

Several equities analysts have recently weighed in on FMNB shares. Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Boenning Scattergood reiterated a “buy” rating and set a $15.50 price objective on shares of Farmers National Banc in a report on Wednesday, July 31st. Finally, BidaskClub upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.50.

About Farmers National Banc

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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