Farmers National Banc Corp (NASDAQ:FMNB) has been given an average rating of “Hold” by the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.
FMNB has been the subject of several research analyst reports. Zacks Investment Research cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. BidaskClub downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Finally, ValuEngine downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.
In other Farmers National Banc news, Director Edward Muransky purchased 4,000 shares of Farmers National Banc stock in a transaction that occurred on Wednesday, August 29th. The stock was purchased at an average price of $15.86 per share, for a total transaction of $63,440.00. Following the transaction, the director now directly owns 13,044 shares in the company, valued at $206,877.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 5,095 shares of company stock valued at $80,587. 9.11% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in FMNB. ZPR Investment Management purchased a new stake in Farmers National Banc in the 1st quarter valued at $152,000. Macquarie Group Ltd. purchased a new stake in Farmers National Banc in the 2nd quarter valued at $353,000. Prudential Financial Inc. raised its position in Farmers National Banc by 39.1% in the 1st quarter. Prudential Financial Inc. now owns 25,600 shares of the bank’s stock valued at $354,000 after purchasing an additional 7,200 shares during the last quarter. Acadian Asset Management LLC raised its position in Farmers National Banc by 245.8% in the 2nd quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock valued at $354,000 after purchasing an additional 15,737 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in Farmers National Banc in the 2nd quarter valued at $384,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.
Shares of Farmers National Banc stock opened at $14.17 on Friday. Farmers National Banc has a 12-month low of $12.80 and a 12-month high of $16.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $422.91 million, a PE ratio of 15.74 and a beta of 0.42.
Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 18th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Farmers National Banc had a net margin of 24.60% and a return on equity of 11.96%. The business had revenue of $25.87 million during the quarter, compared to analysts’ expectations of $25.90 million. As a group, research analysts expect that Farmers National Banc will post 1.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.08 dividend. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.26%. Farmers National Banc’s dividend payout ratio is 35.56%.
Farmers National Banc Company Profile
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.
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