BidaskClub lowered shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Farmers National Banc from a sell rating to a hold rating in a research note on Friday, November 30th. ValuEngine raised shares of Farmers National Banc from a sell rating to a hold rating in a research note on Tuesday, February 5th. Finally, Boenning Scattergood started coverage on shares of Farmers National Banc in a research note on Tuesday, December 18th. They set an outperform rating and a $14.50 price objective for the company. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.50.

Shares of FMNB stock opened at $14.39 on Friday. Farmers National Banc has a twelve month low of $11.56 and a twelve month high of $16.90. The stock has a market capitalization of $403.24 million, a P/E ratio of 12.51 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Farmers National Banc had a net margin of 27.77% and a return on equity of 12.97%. The company had revenue of $26.78 million during the quarter, compared to the consensus estimate of $27.21 million. On average, analysts expect that Farmers National Banc will post 1.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.08. Farmers National Banc’s dividend payout ratio is 31.30%.

In other Farmers National Banc news, Director Gregory C. Bestic bought 8,100 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average price of $12.12 per share, with a total value of $98,172.00. Following the transaction, the director now owns 34,097 shares in the company, valued at $413,255.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have purchased 9,554 shares of company stock valued at $117,720. Corporate insiders own 9.11% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Farmers National Banc by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 284,594 shares of the bank’s stock worth $3,625,000 after purchasing an additional 13,145 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Farmers National Banc by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 699,260 shares of the bank’s stock worth $8,908,000 after purchasing an additional 35,070 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Farmers National Banc by 405.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,719 shares of the bank’s stock worth $111,000 after acquiring an additional 6,995 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Farmers National Banc by 1.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 55,025 shares of the bank’s stock worth $701,000 after acquiring an additional 782 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Farmers National Banc by 70.4% in the 4th quarter. Bank of America Corp DE now owns 106,873 shares of the bank’s stock worth $1,361,000 after acquiring an additional 44,168 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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