Farmers National Banc Corp (NASDAQ:FMNB) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Zacks has also given Farmers National Banc an industry rank of 4 out of 265 based on the ratings given to its competitors.
FMNB has been the topic of several analyst reports. Keefe, Bruyette & Woods downgraded Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. ValuEngine upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Friday, January 5th. Finally, BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Farmers National Banc had a return on equity of 10.35% and a net margin of 22.39%. sell-side analysts anticipate that Farmers National Banc will post 0.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. Farmers National Banc’s payout ratio is currently 28.57%.
Several large investors have recently made changes to their positions in FMNB. LSV Asset Management raised its holdings in shares of Farmers National Banc 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 buying an additional 219,631 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Farmers National Banc by 22.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock valued at $6,165,000 after buying an additional 75,463 shares during the period. Investment Partners Ltd. OH ADV raised its holdings in shares of Farmers National Banc by 67.0% during the 3rd quarter. Investment Partners Ltd. OH ADV now owns 168,081 shares of the bank’s stock valued at $2,530,000 after buying an additional 67,406 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Farmers National Banc during the 2nd quarter valued at about $916,000. Finally, State Street Corp raised its holdings in shares of Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock valued at $6,638,000 after buying an additional 44,733 shares during the period. Institutional investors and hedge funds own 34.49% of the company’s stock.
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About Farmers National Banc
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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