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

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

Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Piper Sandler decreased 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, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Trading Down 1.0%

Shares of Farmers National Banc stock opened at $12.88 on Friday. The firm has a market cap of $486.09 million, a PE ratio of 8.88 and a beta of 0.85. Farmers National Banc has a 1 year low of $11.58 and a 1 year high of $15.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a fifty day moving average price of $13.09 and a 200-day moving average price of $13.56.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.03% and a net margin of 19.50%.The company had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. Equities research analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other news, Director Edward Muransky bought 40,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $12.74 per share, for a total transaction of $509,600.00. Following the purchase, the director directly owned 196,020 shares of the company’s stock, valued at $2,497,294.80. This trade represents a 25.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 41,672 shares of company stock worth $530,974. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after buying an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Farmers National Banc by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock valued at $368,000 after buying an additional 940 shares during the period. HBK Sorce Advisory LLC grew its position in Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after buying an additional 966 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Farmers National Banc by 12.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after buying an additional 1,083 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Farmers National Banc by 6.2% in the 2nd quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock worth $342,000 after acquiring an additional 1,458 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

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.