Zacks Investment Research lowered shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

Several other research firms also recently issued reports on FMNB. Keefe, Bruyette & Woods downgraded Farmers National Banc from an outperform rating to a market perform rating in a report on Friday, October 27th. ValuEngine upgraded Farmers National Banc from a hold rating to a buy rating in a report on Thursday, November 30th. Finally, BidaskClub downgraded Farmers National Banc from a hold rating to a sell rating in a report on Thursday, December 7th.

Shares of Farmers National Banc (NASDAQ FMNB) remained flat at $$15.05 during trading on Tuesday. The stock had a trading volume of 26,300 shares, compared to its average volume of 31,983. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $415.92, a P/E ratio of 17.92 and a beta of 0.42. Farmers National Banc has a twelve month low of $12.13 and a twelve month high of $15.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.24 annualized dividend and a yield of 1.59%. Farmers National Banc’s payout ratio is presently 28.57%.

A number of large investors have recently added to or reduced their stakes in FMNB. LSV Asset Management grew its stake in Farmers National Banc by 137.7% during the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock valued at $5,497,000 after acquiring an additional 219,631 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Farmers National Banc by 22.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 75,463 shares in the last quarter. Investment Partners Ltd. OH ADV grew its stake in Farmers National Banc by 67.0% during the 3rd quarter. Investment Partners Ltd. OH ADV now owns 168,081 shares of the bank’s stock valued at $2,530,000 after acquiring an additional 67,406 shares in the last quarter. Martingale Asset Management L P purchased a new position in Farmers National Banc during the 2nd quarter valued at about $916,000. Finally, State Street Corp grew its stake in Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock valued at $6,638,000 after acquiring an additional 44,733 shares in the last quarter. 34.49% of the stock is currently owned by institutional investors.

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About Farmers National Banc

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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