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

Farmers National Banc (NASDAQ:FMNB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

FMNB has been the topic of a number of other research reports. Weiss Ratings upgraded shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, Piper Sandler raised their target price on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One investment 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, Farmers National Banc has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $14.77 on Friday. The firm has a market cap of $874.68 million, a price-to-earnings ratio of 10.19 and a beta of 0.76. Farmers National Banc has a 52-week low of $12.12 and a 52-week high of $15.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $14.15 and its 200 day moving average is $13.65.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $55.30 million. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. On average, sell-side analysts anticipate that Farmers National Banc will post 1.62 EPS for the current fiscal year.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently modified their holdings of the stock. Smithfield Trust Co acquired a new position in shares of Farmers National Banc in the 4th quarter valued at about $30,000. Godfrey Financial Associates Inc. acquired a new stake in Farmers National Banc during the fourth quarter worth about $37,000. Parallel Advisors LLC grew its holdings in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares during the period. Russell Investments Group Ltd. raised its position in Farmers National Banc by 9,065.7% during the third 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 in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Farmers National Banc by 49.0% during the second 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 in 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.