Farmers National Banc (NASDAQ:FMNB) Upgraded by Wall Street Zen to Hold Rating

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

A number of other analysts have also weighed in on the stock. Piper Sandler lowered their price target on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.50.

Farmers National Banc Stock Performance

Shares of NASDAQ:FMNB opened at $12.53 on Friday. Farmers National Banc has a twelve month low of $11.58 and a twelve month high of $15.50. The firm has a market cap of $471.75 million, a PE ratio of 8.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day moving average of $13.32 and a 200-day moving average of $13.79.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. On average, equities research analysts predict that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, February 13th. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Insider Activity at Farmers National Banc

In other news, Director Edward Muransky acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the transaction, the director directly owned 196,020 shares in the company, valued at approximately $2,497,294.80. This represents a 25.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Farmers National Banc by 4.9% during the second quarter. Geode Capital Management LLC now owns 917,657 shares of the bank’s stock worth $12,657,000 after acquiring an additional 42,803 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Farmers National Banc by 193.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 45,492 shares of the bank’s stock valued at $627,000 after acquiring an additional 29,985 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Farmers National Banc in the 2nd quarter valued at $345,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Farmers National Banc in the 2nd quarter worth $354,000. Finally, Wedge Capital Management L L P NC acquired a new position in Farmers National Banc in the 3rd quarter worth $795,000. 38.72% of the stock is currently owned by institutional investors.

Farmers National Banc Company Profile

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.