Farmers National Banc (NASDAQ:FMNB) Downgraded by StockNews.com to “Sell”

Farmers National Banc (NASDAQ:FMNB) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research analysts have also commented on the company. Raymond James increased 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 reaffirmed a “market perform” rating and set a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. One 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.com, Farmers National Banc has a consensus rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Performance

FMNB stock opened at $15.98 on Thursday. The firm has a 50 day moving average of $14.76 and a two-hundred day moving average of $13.68. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a market capitalization of $600.46 million, a price-to-earnings ratio of 12.99 and a beta of 0.83. 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 issued its quarterly earnings data 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 business had revenue of $70.26 million during the quarter, compared to the consensus estimate 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 analysts anticipate that Farmers National Banc will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc 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 transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is owned by insiders.

Institutional Trading of Farmers National Banc

Several hedge funds and other institutional investors have recently bought and sold shares of FMNB. EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc during the first quarter valued at about $73,000. Price T Rowe Associates Inc. MD bought a new position in Farmers National Banc during the first quarter valued at about $140,000. Cubist Systematic Strategies LLC raised 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 acquiring an additional 997 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Farmers National Banc in the 3rd quarter worth approximately $214,000. Finally, Busey Bank acquired a new stake in shares of Farmers National Banc during the 2nd quarter worth approximately $224,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

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.