Farmers National Banc (NASDAQ:FMNB) Downgraded by Wall Street Zen to “Sell”

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

Several other research firms have also recently weighed in on FMNB. Piper Sandler lowered their target price on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $12.88 on Friday. The company’s fifty day moving average is $13.09 and its two-hundred day moving average is $13.55. The company has a market cap of $486.09 million, a P/E ratio of 8.88 and a beta of 0.85. Farmers National Banc has a 12-month low of $11.58 and a 12-month high of $15.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.03% and a net margin of 19.50%.The business had revenue of $49.89 million during the quarter, compared to analyst estimates of $50.70 million. Equities analysts expect that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.17 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. Farmers National Banc’s payout ratio is 46.90%.

Insider Buying and Selling at Farmers National Banc

In other news, Director Edward Muransky purchased 40,000 shares of Farmers National Banc stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $12.74 per share, for a total transaction of $509,600.00. Following the acquisition, the director directly owned 196,020 shares in the company, valued at $2,497,294.80. This represents a 25.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders bought 41,672 shares of company stock worth $530,974. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Farmers National Banc

A number of hedge funds have recently added to or reduced their stakes in FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after buying an additional 940 shares during the period. HBK Sorce Advisory LLC lifted its holdings in shares of Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after buying an additional 966 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Farmers National Banc by 12.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after buying an additional 1,083 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Farmers National Banc by 6.2% in the second quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock valued at $342,000 after acquiring an additional 1,458 shares during the period. Institutional investors and hedge funds 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.