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

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

A number of other research analysts have also recently commented on the company. Raymond James upped their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Farmers National Banc presently has an average rating of “Hold” and an average price target of $15.67.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $15.40 on Thursday. The firm has a fifty day moving average price of $14.75 and a 200-day moving average price of $13.72. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The stock has a market cap of $578.67 million, a PE ratio of 12.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

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

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.42%. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Insider Buying and Selling

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

Institutional Trading of Farmers National Banc

Several hedge funds have recently added to or reduced their stakes in FMNB. Farmers Trust Co. boosted its stake in Farmers National Banc by 5.0% in the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after purchasing an additional 19,778 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Farmers National Banc by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock worth $3,757,000 after purchasing an additional 8,525 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Farmers National Banc by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock valued at $2,834,000 after purchasing an additional 12,160 shares during the period. Rosenthal Henry Capital Advisors Inc. increased its holdings in shares of Farmers National Banc by 2.1% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock worth $2,157,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after buying an additional 40,367 shares during the period. Institutional investors own 38.72% of the company’s stock.

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.