Farmers National Banc (NASDAQ:FMNB) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a research report report published on Friday.

Other analysts also recently issued research reports about the stock. Raymond James boosted their target price on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.67.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $15.31 on Friday. The company’s 50 day moving average is $14.79 and its 200 day moving average is $13.85. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm has a market cap of $575.47 million, a price-to-earnings ratio of 12.45 and a beta of 0.83. Farmers National Banc has a 52-week low of $11.55 and a 52-week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. On average, sell-side analysts anticipate that Farmers National Banc will post 1.24 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm 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 $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio is presently 55.28%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares in the last quarter. FMR LLC grew its stake in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Farmers National Banc by 8.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. Inspire Investing LLC increased its holdings in shares of Farmers National Banc by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after purchasing an additional 2,241 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.