StockNews.com downgraded shares of Farmers National Banc (NASDAQ:FMNB - Free Report) from a hold rating to a sell rating in a report released on Thursday.
A number of other equities research analysts also recently commented on FMNB. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Raymond James lifted their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.67.
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Farmers National Banc Trading Down 4.8 %
Farmers National Banc stock traded down $0.77 during trading on Thursday, reaching $15.21. 122,911 shares of the company were exchanged, compared to its average volume of 94,628. Farmers National Banc has a 52-week low of $11.55 and a 52-week high of $16.32. The company has a market capitalization of $571.59 million, a P/E ratio of 12.39 and a beta of 0.83. 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's 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $13.68.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted 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). Farmers National Banc had a net margin of 17.26% and a return on equity of 12.22%. The business had revenue of $70.26 million during the quarter, compared to analysts' expectations of $42.90 million. On average, equities research analysts expect that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.
Farmers National Banc Dividend Announcement
The business 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 annualized dividend and a yield of 4.47%. Farmers National Banc's payout ratio is 55.28%.
Insider Buying and Selling
In other news, EVP Timothy F. Shaffer sold 1,799 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company's stock, valued at approximately $529,230. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.
Institutional Trading of Farmers National Banc
Several institutional investors and hedge funds have recently made changes to their positions in FMNB. BNP Paribas Financial Markets lifted its holdings in shares of Farmers National Banc by 74.8% in the 1st quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank's stock valued at $242,000 after purchasing an additional 7,761 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Farmers National Banc in the 1st quarter valued at about $73,000. PEAK6 Investments LLC purchased a new stake in shares of Farmers National Banc in the 1st quarter valued at about $248,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Farmers National Banc in the 1st quarter valued at about $140,000. Finally, Twelve Points Wealth Management LLC raised its stake in Farmers National Banc by 12.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank's stock valued at $678,000 after acquiring an additional 5,987 shares during the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.
Farmers National Banc Company Profile
(
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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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