Wall Street Zen Downgrades Farmers National Banc (NASDAQ:FMNB) to Hold

Farmers National Banc (NASDAQ:FMNB) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Farmers National Banc Price Performance

Shares of Farmers National Banc stock opened at $15.69 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. Farmers National Banc has a 1 year low of $12.12 and a 1 year high of $16.46. The firm’s 50-day moving average is $15.07 and its two-hundred day moving average is $14.10. The stock has a market cap of $929.63 million, a price-to-earnings ratio of 10.67 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The business had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. As a group, research analysts expect that Farmers National Banc will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in Farmers National Banc in the first quarter valued at approximately $1,426,000. The Manufacturers Life Insurance Company grew its holdings in Farmers National Banc by 17.0% in the first quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock worth $6,187,000 after purchasing an additional 68,445 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Farmers National Banc by 24.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after purchasing an additional 302,397 shares in the last quarter. Staley Capital Advisers Inc. increased its position in shares of Farmers National Banc by 42.8% during the first quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank’s stock worth $3,293,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Demming Financial Services Corp ADV purchased a new stake in shares of Farmers National Banc during the 1st quarter valued at $796,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.