Farmers National Banc (NASDAQ:FMNB) Upgraded 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 Wednesday.

Several other equities research analysts have also recently issued reports on FMNB. 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 report on Thursday, July 25th. Raymond James lifted their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Farmers National Banc has an average rating of “Hold” and a consensus price target of $15.67.

Farmers National Banc Stock Up 0.4 %

Shares of NASDAQ:FMNB opened at $13.82 on Wednesday. The company has a market capitalization of $519.36 million, a P/E ratio of 11.24 and a beta of 0.82. The stock’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $13.63. Farmers National Banc has a 52-week low of $11.40 and a 52-week high of $16.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly 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). The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a return on equity of 12.22% and a net margin of 17.26%. As a group, equities research analysts forecast 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 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 4.92%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

Insiders Place Their Bets

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s 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 completion of the sale, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently made changes to their positions in FMNB. Cubist Systematic Strategies LLC boosted its position in 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 grew its stake in shares of Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Farmers National Banc by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock valued at $620,000 after buying an additional 2,258 shares during the period. Rosenthal Henry Capital Advisors Inc. lifted its position in Farmers National Banc by 2.1% during the 3rd 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, Twelve Points Wealth Management LLC boosted its holdings in Farmers National Banc by 8.0% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 58,614 shares of the bank’s stock worth $886,000 after acquiring an additional 4,345 shares during the period. Institutional investors and hedge funds 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.