Research Analysts’ Weekly Ratings Changes for Farmers National Banc (FMNB)

Several analysts have recently updated their ratings and price targets for Farmers National Banc (NASDAQ: FMNB):

  • 10/21/2019 – Farmers National Banc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/19/2019 – Farmers National Banc was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/11/2019 – Farmers National Banc was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/4/2019 – Farmers National Banc was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/14/2019 – Farmers National Banc was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/11/2019 – Farmers National Banc was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “
  • 9/6/2019 – Farmers National Banc was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

FMNB traded up $0.05 on Thursday, reaching $14.83. 19 shares of the stock were exchanged, compared to its average volume of 36,885. The company’s 50-day moving average price is $14.39 and its 200 day moving average price is $14.26. Farmers National Banc Corp has a fifty-two week low of $11.56 and a fifty-two week high of $15.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $413.62 million, a PE ratio of 12.90 and a beta of 0.88.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Farmers National Banc had a return on equity of 12.54% and a net margin of 26.98%. The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $28.29 million. As a group, equities analysts forecast that Farmers National Banc Corp will post 1.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.70%. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.09. Farmers National Banc’s payout ratio is currently 34.78%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Farmers National Banc by 84.1% during the 2nd quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock valued at $45,000 after buying an additional 1,399 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Farmers National Banc by 171.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,765 shares of the bank’s stock valued at $55,000 after buying an additional 2,377 shares during the last quarter. Zebra Capital Management LLC purchased a new position in shares of Farmers National Banc during the 2nd quarter valued at about $189,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Farmers National Banc during the 2nd quarter valued at about $454,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Farmers National Banc during the 2nd quarter valued at about $550,000. Institutional investors and hedge funds own 37.83% of the company’s stock.

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services.

Featured Story: Monthly Dividend Stocks Can Provide Solid Income

Receive News & Ratings for Farmers National Banc Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc Corp and related companies with MarketBeat.com's FREE daily email newsletter.