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

Farmers National Banc (NASDAQ:FMNB) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other analysts have also recently weighed in on FMNB. Raymond James raised their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.67.

Farmers National Banc Trading Down 0.6 %

NASDAQ:FMNB opened at $15.34 on Friday. The stock has a fifty day moving average price of $14.78 and a 200 day moving average price of $13.80. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market cap of $576.63 million, a PE ratio of 12.47 and a beta of 0.83. Farmers National Banc has a 12-month low of $11.55 and a 12-month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. Sell-side analysts anticipate that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc 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 transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after buying an additional 997 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc during the 1st quarter worth approximately $140,000. Creative Planning grew its stake in shares of Farmers National Banc by 46.0% in the 3rd quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after purchasing an additional 11,447 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after purchasing an additional 1,625 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc in the first quarter valued at approximately $73,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

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.