Farmers National Banc (NASDAQ:FMNB - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.
Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James increased their target price on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $15.67.
Get Our Latest Research Report on FMNB
Farmers National Banc Trading Down 0.7 %
NASDAQ:FMNB traded down $0.10 during mid-day trading on Friday, reaching $15.24. The company's stock had a trading volume of 35,295 shares, compared to its average volume of 94,263. The company's fifty day simple moving average is $14.78 and its two-hundred day simple moving average is $13.81. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a market cap of $572.87 million, a P/E ratio of 12.60 and a beta of 0.83.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its earnings results 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 company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. On average, equities analysts predict that Farmers National Banc will post 1.24 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company's stock, valued at $529,230. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.00% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of FMNB. BNP Paribas Financial Markets raised its holdings in Farmers National Banc by 74.8% during the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank's stock worth $242,000 after buying an additional 7,761 shares during the period. EntryPoint Capital LLC bought a new position in Farmers National Banc during the 1st quarter worth about $73,000. PEAK6 Investments LLC acquired a new stake in shares of Farmers National Banc in the 1st quarter valued at about $248,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc in the first quarter valued at about $140,000. Finally, Twelve Points Wealth Management LLC boosted its position in shares of Farmers National Banc by 12.4% during the second quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank's stock worth $678,000 after buying an additional 5,987 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.
About Farmers National Banc
(
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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.
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