Farmers National Banc (NASDAQ:FMNB) Downgraded by StockNews.com

StockNews.com cut shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other research analysts have also weighed in on the company. Raymond James raised their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an outperform rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods restated a market perform rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $15.67.

Farmers National Banc Stock Performance

NASDAQ FMNB opened at $14.37 on Thursday. The company has a market cap of $539.59 million, a P/E ratio of 9.91 and a beta of 0.82. The company has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $13.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. Farmers National Banc has a 12-month low of $10.38 and a 12-month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The company had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Sell-side analysts predict that Farmers National Banc will post 1.37 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.73%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Insiders Place Their Bets

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the sale, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new stake in shares of Farmers National Banc in the fourth quarter valued at approximately $89,000. BNP Paribas Financial Markets boosted its holdings in shares of Farmers National Banc by 74.8% in the first quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock worth $242,000 after acquiring an additional 7,761 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Farmers National Banc in the first quarter valued at $73,000. PEAK6 Investments LLC bought a new stake in shares of Farmers National Banc during the 1st quarter valued at $248,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc during the 1st quarter valued at $140,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.