Farmers National Banc (NASDAQ:FMNB) Upgraded at Wall Street Zen

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

Other research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Zacks Research downgraded Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Finally, Piper Sandler lowered their target price on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $12.53 on Friday. The firm’s 50 day moving average price is $13.32 and its 200-day moving average price is $13.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc has a one year low of $11.58 and a one year high of $15.50. The firm has a market cap of $471.75 million, a P/E ratio of 8.64 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 for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The company had revenue of $49.89 million for the quarter, compared to analysts’ expectations of $50.70 million. As a group, equities research analysts predict that Farmers National Banc will post 1.45 EPS for the current year.

Insider Buying and Selling at Farmers National Banc

In other news, Director Edward Muransky acquired 40,000 shares of Farmers National Banc stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $12.74 per share, for a total transaction of $509,600.00. Following the acquisition, the director owned 196,020 shares of the company’s stock, valued at $2,497,294.80. This trade represents a 25.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Large investors have recently bought and sold shares of the business. Smithfield Trust Co acquired a new stake in Farmers National Banc in the fourth quarter valued at $30,000. Godfrey Financial Associates Inc. acquired a new position in shares of Farmers National Banc during the 4th quarter worth about $37,000. Russell Investments Group Ltd. increased its holdings in shares of Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after acquiring an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,487 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Farmers National Banc by 220.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock valued at $64,000 after acquiring an additional 3,319 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.