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

Wall Street Zen lowered shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

FMNB stock opened at $15.69 on Friday. The business’s fifty day moving average is $15.07 and its 200-day moving average is $14.09. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a market cap of $929.60 million, a P/E ratio of 10.67 and a beta of 0.76. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $16.46.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%.The business had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. Equities research analysts forecast that Farmers National Banc will post 1.68 EPS for the current year.

Farmers National Banc Announces Dividend

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

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares in the company, valued at approximately $511,359.40. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $331,220.89. The SEC filing for this sale provides additional information. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Farmers National Banc by 13.5% during the 2nd quarter. BlackRock Inc. now owns 4,798,011 shares of the bank’s stock worth $70,051,000 after purchasing an additional 569,057 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Farmers National Banc during the 2nd quarter worth approximately $6,827,000. Dimensional Fund Advisors LP raised its holdings in Farmers National Banc by 24.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after buying an additional 302,397 shares during the period. Empowered Funds LLC bought a new position in Farmers National Banc in the second quarter valued at approximately $3,354,000. Finally, Assenagon Asset Management S.A. bought a new position in Farmers National Banc in the first quarter valued at approximately $2,954,000. 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.