Farmers National Banc (NASDAQ:FMNB) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB - Free Report) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods restated a "market perform" rating and set a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Raymond James boosted their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.67.

Farmers National Banc Trading Up 0.3 %

Shares of NASDAQ FMNB traded up $0.04 during mid-day trading on Wednesday, hitting $13.90. The company's stock had a trading volume of 77,662 shares, compared to its average volume of 94,356. Farmers National Banc has a one year low of $10.87 and a one year high of $16.32. The company's fifty day simple moving average is $14.85 and its 200-day simple moving average is $13.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $521.95 million, a price-to-earnings ratio of 9.56 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. On average, sell-side analysts anticipate that Farmers National Banc will post 1.36 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.89%. Farmers National Banc's payout ratio is 46.90%.

Insiders Place Their Bets

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company's stock, valued at approximately $529,230. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors have recently bought and sold shares of FMNB. Cubist Systematic Strategies LLC raised its holdings in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock valued at $165,000 after purchasing an additional 997 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc in the 1st quarter valued at $140,000. Inspire Investing LLC increased its stake in Farmers National Banc by 6.0% in the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank's stock valued at $357,000 after buying an additional 1,625 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc during the 1st quarter worth about $73,000. Finally, Farmers Trust Co. boosted its stake in shares of Farmers National Banc by 5.0% during the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank's stock worth $6,298,000 after buying an additional 19,778 shares during the last quarter. Institutional investors own 38.72% of the company's stock.

About Farmers National Banc

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.