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 released on Wednesday.

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

Farmers National Banc Stock Up 0.3 %

Shares of Farmers National Banc stock opened at $13.90 on Wednesday. Farmers National Banc has a 12-month low of $10.87 and a 12-month 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. The stock has a 50 day moving average price of $14.84 and a two-hundred day moving average price of $13.60. The stock has a market capitalization of $521.95 million, a P/E ratio of 9.59 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data 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 return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Equities analysts expect that Farmers National Banc will post 1.36 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in Farmers National Banc in the first quarter valued at about $73,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc in the 1st quarter valued at approximately $140,000. Cubist Systematic Strategies LLC grew its stake in shares of Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC acquired a new position in shares of Farmers National Banc in the 3rd quarter worth approximately $214,000. Finally, Busey Bank acquired a new stake in Farmers National Banc in the 2nd quarter valued at $224,000. 38.72% of the stock is owned by institutional investors.

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.