Farmers National Banc (NASDAQ:FMNB) Rating Lowered to Sell at Wall Street Zen

Farmers National Banc (NASDAQ:FMNB) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently commented on FMNB. Piper Sandler cut their price target on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Farmers National Banc Stock Up 1.0%

FMNB opened at $12.98 on Friday. The company has a market capitalization of $488.70 million, a P/E ratio of 8.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s fifty day moving average price is $13.66 and its two-hundred day moving average price is $13.89. Farmers National Banc has a fifty-two week low of $11.58 and a fifty-two week high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The business had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. On average, analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Farmers National Banc

A number of large investors have recently bought and sold shares of FMNB. Russell Investments Group Ltd. raised its position in Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Farmers National Banc by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after buying an additional 1,487 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Farmers National Banc by 220.1% in the fourth quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock valued at $64,000 after buying an additional 3,319 shares in the last quarter. CWM LLC raised its holdings in shares of Farmers National Banc by 158.8% in the second quarter. CWM LLC now owns 5,267 shares of the bank’s stock valued at $73,000 after buying an additional 3,232 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Farmers National Banc by 67.3% during the 3rd quarter. New York State Common Retirement Fund now owns 7,707 shares of the bank’s stock worth $111,000 after buying an additional 3,100 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.