Farmers National Banc (FMNB) Stock Rating Lowered by Zacks Investment Research

Farmers National Banc (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

FMNB has been the topic of a number of other research reports. ValuEngine downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods downgraded Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th.

Shares of Farmers National Banc (FMNB) traded up $0.10 during midday trading on Tuesday, reaching $14.15. The company’s stock had a trading volume of 31,490 shares, compared to its average volume of 41,474. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc has a 12 month low of $12.65 and a 12 month high of $15.95. The stock has a market cap of $385.62, a P/E ratio of 17.05 and a beta of 0.35.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Farmers National Banc had a return on equity of 10.89% and a net margin of 21.72%. The business had revenue of $25.12 million for the quarter, compared to the consensus estimate of $25.90 million. analysts anticipate that Farmers National Banc will post 1.12 EPS for the current year.

In other Farmers National Banc news, Director Edward Muransky acquired 6,850 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $14.99 per share, for a total transaction of $102,681.50. Following the acquisition, the director now owns 23,934 shares in the company, valued at approximately $358,770.66. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders bought 8,187 shares of company stock worth $121,698. Company insiders own 7.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMNB. Schwab Charles Investment Management Inc. increased its holdings in shares of Farmers National Banc by 38.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock valued at $733,000 after acquiring an additional 14,000 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Farmers National Banc by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 91,080 shares of the bank’s stock worth $1,321,000 after buying an additional 2,489 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Farmers National Banc during the 2nd quarter worth approximately $238,000. Teachers Advisors LLC grew its stake in Farmers National Banc by 6.5% during the 2nd quarter. Teachers Advisors LLC now owns 44,255 shares of the bank’s stock worth $642,000 after buying an additional 2,709 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in Farmers National Banc by 15.4% during the 2nd quarter. Nationwide Fund Advisors now owns 47,254 shares of the bank’s stock worth $685,000 after buying an additional 6,300 shares during the last quarter. Institutional investors and hedge funds own 34.23% 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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