Farmers National Banc (NASDAQ:FMNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a buy rating in a report released on Saturday morning.

Other research analysts have also issued reports about the company. Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler raised their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Stock Performance

Shares of NASDAQ:FMNB opened at $15.35 on Friday. The company has a market capitalization of $909.03 million, a price-to-earnings ratio of 10.44 and a beta of 0.77. Farmers National Banc has a 52 week low of $12.12 and a 52 week high of $15.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $14.41 and a 200 day moving average of $13.75.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $70.44 million during the quarter, compared to analyst estimates of $70.10 million. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%. On average, sell-side analysts predict that Farmers National Banc will post 1.64 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is 46.26%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Farmers National Banc

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Farmers National Banc by 24.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after buying an additional 302,397 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Farmers National Banc during the 1st quarter valued at about $2,954,000. Marshall Wace LLP purchased a new stake in Farmers National Banc in the fourth quarter valued at about $2,707,000. Millennium Management LLC raised its stake in Farmers National Banc by 231.9% in the fourth quarter. Millennium Management LLC now owns 263,553 shares of the bank’s stock valued at $3,511,000 after buying an additional 184,155 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Farmers National Banc by 454.6% in the third quarter. First Trust Advisors LP now owns 137,655 shares of the bank’s stock valued at $1,984,000 after buying an additional 112,834 shares during the last quarter. Institutional investors and hedge funds 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.