Farmers National Banc (NASDAQ:FMNB) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts have also issued reports on FMNB. BidaskClub lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Farmers National Banc has an average rating of “Hold” and an average target price of $17.00.

FMNB traded up $0.05 during trading on Thursday, hitting $15.05. The company had a trading volume of 29,100 shares, compared to its average volume of 31,892. The stock has a market capitalization of $417.38 million, a P/E ratio of 16.72 and a beta of 0.41. Farmers National Banc has a one year low of $12.80 and a one year high of $16.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.03.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 18th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Farmers National Banc had a net margin of 24.60% and a return on equity of 11.96%. The firm had revenue of $25.87 million for the quarter, compared to analyst estimates of $25.90 million. equities research analysts predict that Farmers National Banc will post 1.15 EPS for the current fiscal year.

In other Farmers National Banc news, Director Edward Muransky purchased 4,000 shares of the stock in a transaction on Wednesday, August 29th. The shares were purchased at an average cost of $15.86 per share, for a total transaction of $63,440.00. Following the purchase, the director now owns 13,044 shares of the company’s stock, valued at $206,877.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 5,065 shares of company stock worth $80,589 over the last quarter. Company insiders own 9.11% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Van Hulzen Asset Management LLC increased its stake in Farmers National Banc by 23.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock valued at $387,000 after buying an additional 4,590 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Farmers National Banc by 39.1% during the 1st quarter. Prudential Financial Inc. now owns 25,600 shares of the bank’s stock worth $354,000 after purchasing an additional 7,200 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Farmers National Banc by 12.8% during the 2nd quarter. Martingale Asset Management L P now owns 57,233 shares of the bank’s stock worth $913,000 after purchasing an additional 6,500 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Farmers National Banc by 245.8% during the 2nd quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock worth $354,000 after purchasing an additional 15,737 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Farmers National Banc by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,322 shares of the bank’s stock worth $7,539,000 after purchasing an additional 68,327 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

About Farmers National Banc

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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