Farmers National Banc (NASDAQ:FMNB) Rating Increased to Hold at Wall Street Zen

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

A number of other brokerages have also issued reports on FMNB. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Zacks Research lowered shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Finally, Piper Sandler reduced their price objective on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Price Performance

Shares of Farmers National Banc stock opened at $12.53 on Friday. The firm has a market cap of $471.75 million, a PE ratio of 8.64 and a beta of 0.85. Farmers National Banc has a twelve month low of $11.58 and a twelve month high of $15.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $13.32 and a 200 day moving average price of $13.79.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share (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 analysts’ expectations of $50.70 million. Sell-side analysts predict that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Farmers National Banc

In other news, Director Edward Muransky purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $12.74 per share, with a total value of $509,600.00. Following the purchase, the director directly owned 196,020 shares in the company, valued at approximately $2,497,294.80. This represents a 25.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Smithfield Trust Co acquired a new stake in Farmers National Banc during the fourth quarter worth $30,000. Godfrey Financial Associates Inc. acquired a new position in shares of Farmers National Banc in the 4th quarter valued at $37,000. Russell Investments Group Ltd. grew its holdings in shares of Farmers National Banc by 9,065.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after purchasing an additional 3,173 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Farmers National Banc by 49.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Farmers National Banc by 220.1% during the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after purchasing an additional 3,319 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

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.