Farmers National Banc (NASDAQ:FMNB) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other research analysts have also recently commented on FMNB. Raymond James boosted their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Up 0.3 %

Shares of FMNB traded up $0.04 during mid-day trading on Thursday, hitting $15.25. 36,616 shares of the company’s stock were exchanged, compared to its average volume of 94,360. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $573.10 million, a price-to-earnings ratio of 12.39 and a beta of 0.83. The stock’s 50-day moving average is $14.76 and its 200-day moving average is $13.68. Farmers National Banc has a fifty-two week low of $11.55 and a fifty-two week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 12.22% and a net margin of 17.26%. The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. On average, sell-side analysts anticipate that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s payout ratio is 55.28%.

Insider Activity

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

A number of hedge funds have recently added to or reduced their stakes in FMNB. BNP Paribas Financial Markets grew its position in Farmers National Banc by 74.8% in the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock valued at $242,000 after buying an additional 7,761 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Farmers National Banc in the first quarter valued at about $73,000. PEAK6 Investments LLC purchased a new stake in Farmers National Banc in the 1st quarter valued at approximately $248,000. Price T Rowe Associates Inc. MD acquired a new position in Farmers National Banc during the 1st quarter worth approximately $140,000. Finally, Twelve Points Wealth Management LLC raised its stake in shares of Farmers National Banc by 12.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock worth $678,000 after buying an additional 5,987 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.