Farmers National Banc (NASDAQ:FMNB) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a report published on Friday.

Other analysts also recently issued reports about the company. Raymond James upped 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.67.

Farmers National Banc Price Performance

Shares of Farmers National Banc stock opened at $15.17 on Friday. The company has a 50-day simple moving average of $14.80 and a two-hundred day simple moving average of $13.87. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The stock has a market capitalization of $570.21 million, a price-to-earnings ratio of 12.33 and a beta of 0.83. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The business 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%. Analysts forecast that Farmers National Banc will post 1.24 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s payout ratio is presently 55.28%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’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 owns 35,282 shares of the company’s stock, valued at approximately $529,230. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after acquiring an additional 44,349 shares during the last quarter. Barclays PLC boosted its stake in shares of Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after purchasing an additional 42,951 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after purchasing an additional 40,367 shares during the last quarter. State Street Corp increased its stake in shares of Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after buying an additional 28,499 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Farmers National Banc in the third quarter valued at approximately $311,000. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Company Profile

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.