Farmers National Banc (NASDAQ:FMNB) Lowered to “Sell” Rating by Wall Street Zen

Farmers National Banc (NASDAQ:FMNB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities analysts have also issued reports on the company. Piper Sandler cut their price target on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $12.98 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $13.66 and a 200 day simple moving average of $13.89. Farmers National Banc has a fifty-two week low of $11.58 and a fifty-two week high of $15.50. The firm has a market cap of $488.70 million, a P/E ratio of 8.95 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07). The firm had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. Sell-side analysts predict that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently modified their holdings of FMNB. AQR Capital Management LLC raised its position in shares of Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock valued at $364,000 after acquiring an additional 13,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the period. Empowered Funds LLC increased its stake in Farmers National Banc by 50.3% in the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after purchasing an additional 12,735 shares in the last quarter. Jane Street Group LLC bought a new stake in Farmers National Banc in the first quarter valued at approximately $830,000. Finally, Inspire Investing LLC raised its holdings in Farmers National Banc by 7.7% in the second quarter. Inspire Investing LLC now owns 28,294 shares of the bank’s stock worth $390,000 after purchasing an additional 2,035 shares during the period. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.