Farmers National Banc (NASDAQ:FMNB) Lowered to Sell Rating by Wall Street Zen

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

Other analysts also recently issued reports about the company. Piper Sandler decreased their price objective on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and an average target price of $14.50.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $12.98 on Friday. The firm has a market capitalization of $488.70 million, a price-to-earnings ratio of 8.95 and a beta of 0.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $13.66 and its 200-day moving average price is $13.89. Farmers National Banc has a 12 month low of $11.58 and a 12 month high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The business had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. Equities research analysts forecast 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. Farmers National Banc’s dividend payout ratio is 46.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FMNB. Russell Investments Group Ltd. grew its stake in Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after purchasing an additional 3,173 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Farmers National Banc by 49.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Farmers National Banc by 220.1% during the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after buying an additional 3,319 shares during the period. CWM LLC increased its stake in shares of Farmers National Banc by 158.8% in the 2nd quarter. CWM LLC now owns 5,267 shares of the bank’s stock valued at $73,000 after acquiring an additional 3,232 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Farmers National Banc by 67.3% during the 3rd quarter. New York State Common Retirement Fund now owns 7,707 shares of the bank’s stock valued at $111,000 after acquiring an additional 3,100 shares during the period. 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.