Farmers National Banc (NASDAQ:FMNB) Upgraded at StockNews.com

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a report issued on Friday.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James raised their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Farmers National Banc has an average rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.73. The company has a market cap of $575.47 million, a price-to-earnings ratio of 12.45 and a beta of 0.83. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The stock’s 50 day simple moving average is $14.79 and its two-hundred day simple moving average is $13.85.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. As a group, equities analysts anticipate that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s payout ratio is currently 55.28%.

Insider Buying and Selling at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after purchasing an additional 829 shares during the last quarter. FMR LLC boosted its position in Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the period. Cubist Systematic Strategies LLC grew its stake in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after acquiring an additional 997 shares in the last quarter. Inspire Investing LLC grew its stake in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Farmers National Banc by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after acquiring an additional 2,241 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.