Farmers National Banc (NASDAQ:FMNB) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Piper Sandler decreased their price target on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Wall Street Zen cut Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and an average target price of $14.50.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $13.16 on Monday. The firm has a market capitalization of $495.47 million, a P/E ratio of 9.08 and a beta of 0.85. The business has a 50-day moving average of $13.65 and a 200-day moving average of $13.88. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. Farmers National Banc has a 1 year low of $11.58 and a 1 year high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. The firm had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. On average, equities analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FMNB. Russell Investments Group Ltd. raised its position in Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after buying an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Farmers National Banc by 220.1% during the fourth quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after purchasing an additional 3,319 shares during the last quarter. CWM LLC grew its position in Farmers National Banc by 158.8% in the second quarter. CWM LLC now owns 5,267 shares of the bank’s stock valued at $73,000 after purchasing an additional 3,232 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Farmers National Banc by 67.3% in the 3rd quarter. New York State Common Retirement Fund now owns 7,707 shares of the bank’s stock valued at $111,000 after buying an additional 3,100 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

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.