Farmers National Banc (NASDAQ:FMNB) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Several other research analysts have also weighed in on FMNB. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James boosted their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.67.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded up $0.04 during trading on Thursday, reaching $15.25. The company had a trading volume of 36,616 shares, compared to its average volume of 94,360. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The stock has a 50-day moving average price of $14.76 and a two-hundred day moving average price of $13.68. The stock has a market capitalization of $573.10 million, a PE ratio of 12.39 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 12.22%. The firm had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million. As a group, sell-side analysts predict that Farmers National Banc will post 1.24 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Farmers National Banc

A number of hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Farmers National Banc in the third quarter valued at $311,000. Rosenthal Henry Capital Advisors Inc. increased its holdings in shares of Farmers National Banc by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after purchasing an additional 3,000 shares during the period. Twelve Points Wealth Management LLC boosted its holdings in shares of Farmers National Banc by 8.0% during the third quarter. Twelve Points Wealth Management LLC now owns 58,614 shares of the bank’s stock worth $886,000 after purchasing an additional 4,345 shares during the period. Creative Planning increased its stake in Farmers National Banc by 46.0% in the 3rd quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after buying an additional 11,447 shares during the period. Finally, Farmers Trust Co. lifted its position in Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after buying an additional 19,778 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.