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

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

FMNB has been the subject of a number of other reports. Piper Sandler dropped their price objective on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Zacks Research cut Farmers National Banc from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. One equities research 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’s stock. Based on data from MarketBeat.com, Farmers National Banc presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Farmers National Banc Trading Down 1.0%

Shares of FMNB opened at $12.88 on Friday. The firm’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $13.56. The company has a market capitalization of $486.09 million, a P/E ratio of 8.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.73. Farmers National Banc has a 1-year low of $11.58 and a 1-year high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results 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). Farmers National Banc had a net margin of 19.50% and a return on equity of 13.03%. The company had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. Sell-side analysts forecast that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky acquired 40,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased 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 in the company, valued at $2,497,294.80. The trade was a 25.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased 41,672 shares of company stock worth $530,974 over the last quarter. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors and hedge funds have recently made changes to their positions in FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Farmers National Banc by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after purchasing an additional 940 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock valued at $569,000 after buying an additional 966 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Farmers National Banc by 12.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after buying an additional 1,083 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Farmers National Banc by 6.2% during the second quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock valued at $342,000 after buying an additional 1,458 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

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.