Farmers National Banc Corp. (NASDAQ:FMNB) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Several other research analysts have also recently weighed in on FMNB. Zacks Investment Research raised Farmers National Banc Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $16.00 target price on shares of Farmers National Banc Corp. in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.50.

Farmers National Banc Corp. (FMNB) traded up 1.85% on Friday, hitting $13.80. The stock had a trading volume of 84,681 shares. The company has a market cap of $373.51 million, a PE ratio of 16.91 and a beta of 0.46. Farmers National Banc Corp. has a one year low of $8.90 and a one year high of $15.50. The stock has a 50-day moving average of $14.47 and a 200-day moving average of $13.95.

Farmers National Banc Corp. (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.39%. The firm had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.80 million. Equities analysts expect that Farmers National Banc Corp. will post $0.90 earnings per share for the current fiscal year.

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In related news, insider Mark J. Wenick bought 2,200 shares of Farmers National Banc Corp. stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $14.10 per share, with a total value of $31,020.00. Following the completion of the acquisition, the insider now directly owns 8,690 shares in the company, valued at approximately $122,529. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have bought 3,107 shares of company stock valued at $44,095. 7.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in FMNB. Bessemer Group Inc. bought a new stake in shares of Farmers National Banc Corp. during the second quarter valued at approximately $141,000. Russell Investments Group Ltd. bought a new stake in shares of Farmers National Banc Corp. during the fourth quarter valued at approximately $142,000. Prudential Financial Inc. increased its stake in shares of Farmers National Banc Corp. by 0.9% in the first quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock valued at $169,000 after buying an additional 100 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Farmers National Banc Corp. during the first quarter valued at approximately $174,000. Finally, Wedbush Securities Inc. increased its stake in shares of Farmers National Banc Corp. by 26.4% in the first quarter. Wedbush Securities Inc. now owns 12,700 shares of the bank’s stock valued at $182,000 after buying an additional 2,650 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

About Farmers National Banc Corp.

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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