Farmers National Banc (NASDAQ:FMNB) Cut to Sell at StockNews.com

Farmers National Banc (NASDAQ:FMNB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, Piper Sandler reissued a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $15.47 on Wednesday. The company’s 50 day simple moving average is $15.01 and its 200-day simple moving average is $14.24. The company has a market capitalization of $581.49 million, a price-to-earnings ratio of 12.63 and a beta of 0.86. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

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 analysts’ consensus estimates of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, equities research analysts expect that Farmers National Banc will post 1.23 earnings per share for the current year.

Institutional Investors Weigh In On Farmers National Banc

Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in 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 buying an additional 835 shares during the period. BNP Paribas Financial Markets grew its holdings in Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Farmers National Banc during the 1st quarter worth approximately $140,000. Virtus Investment Advisers Inc. acquired a new position in Farmers National Banc during the 3rd quarter worth approximately $148,000. Finally, PEAK6 Investments LLC acquired a new position in Farmers National Banc during the 3rd quarter worth approximately $157,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

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.