Farmers National Banc (NASDAQ:FMNB) Stock Rating Upgraded by StockNews.com

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

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James lifted their target price 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.67.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $15.08 on Thursday. The firm has a market capitalization of $566.25 million, a PE ratio of 10.40 and a beta of 0.82. The business’s fifty day moving average price is $14.82 and its 200 day moving average price is $13.51. 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 has a 12 month low of $10.38 and a 12 month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $66.45 million for the quarter, compared to analyst estimates of $42.15 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. On average, sell-side analysts anticipate that Farmers National Banc will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’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 transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’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 transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors have recently added to or reduced their stakes in the business. 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 valued at $886,000 after purchasing an additional 4,345 shares in the last quarter. Creative Planning boosted its holdings in Farmers National Banc by 46.0% in the 3rd quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after purchasing an additional 11,447 shares in the last quarter. Farmers Trust Co. boosted its holdings in Farmers National Banc by 5.0% in the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock valued at $6,298,000 after purchasing an additional 19,778 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Farmers National Banc in the 3rd quarter valued at approximately $214,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in 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 in the last quarter. 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.