Farmers National Banc (NASDAQ:FMNB) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a research report released on Sunday morning.

Several other equities research analysts have also commented on the stock. Weiss Ratings raised shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Piper Sandler boosted their target price on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

NASDAQ FMNB opened at $15.86 on Friday. The stock has a market capitalization of $939.23 million, a price-to-earnings ratio of 10.79 and a beta of 0.76. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $16.09. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $14.56 and a 200 day moving average of $13.83.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%. Sell-side analysts anticipate that Farmers National Banc will post 1.68 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.26%.

Insider Buying and Selling at Farmers National Banc

In related news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Farmers National Banc

Hedge funds have recently bought and sold shares of the business. Sax Wealth Advisors LLC purchased a new position in Farmers National Banc in the 2nd quarter worth approximately $184,000. Parallel Advisors LLC grew its position in shares of Farmers National Banc by 86.1% in the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,288 shares in the last quarter. Bank of America Corp DE lifted its position in Farmers National Banc by 99.1% during the first quarter. Bank of America Corp DE now owns 105,394 shares of the bank’s stock worth $1,387,000 after buying an additional 52,450 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Farmers National Banc by 153.8% during the first quarter. Janus Henderson Group PLC now owns 34,987 shares of the bank’s stock worth $461,000 after buying an additional 21,200 shares during the last quarter. Finally, Amundi acquired a new position in Farmers National Banc during the first quarter worth $382,000. Institutional investors and hedge funds 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.