Farmers National Banc (NASDAQ:FMNB) Stock Rating Upgraded by Wall Street Zen

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

FMNB has been the subject of several other reports. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler boosted their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $14.14 on Friday. The stock has a market capitalization of $837.37 million, a PE ratio of 9.75 and a beta of 0.76. The business’s 50 day simple moving average is $14.09 and its 200 day simple moving average is $13.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. Farmers National Banc has a one year low of $12.12 and a one year high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. The firm had revenue of $56.26 million during the quarter, compared to analyst estimates of $55.30 million. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. As a group, research analysts forecast that Farmers National Banc will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Farmers National Banc

A number of institutional investors and hedge funds have recently modified their holdings of FMNB. SG Americas Securities LLC raised its holdings in Farmers National Banc by 6.4% during the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after buying an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 buying an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Farmers National Banc by 3.5% during 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 acquiring an additional 940 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after acquiring an additional 1,083 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

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.