Farmers National Banc (NASDAQ:FMNB) Rating Lowered to Sell at StockNews.com

Farmers National Banc (NASDAQ:FMNB) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other equities analysts also recently issued reports on the stock. Raymond James increased their price objective on shares of 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 reaffirmed a “market perform” rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $14.37 on Thursday. The company’s fifty day moving average price is $14.80 and its 200 day moving average price is $13.39. Farmers National Banc has a 1 year low of $10.38 and a 1 year high of $16.32. The company has a market capitalization of $539.59 million, a PE ratio of 9.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The firm had revenue of $66.45 million for the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. On average, research analysts predict that Farmers National Banc will post 1.37 earnings per share for the current year.

Insider Activity

In other news, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the sale, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the sale, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers Trust Co. increased its position in Farmers National Banc by 5.0% during the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock worth $6,298,000 after purchasing an additional 19,778 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Farmers National Banc during the third quarter worth about $214,000. Cubist Systematic Strategies LLC increased its position in Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the last quarter. Inspire Investing LLC increased its position in Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in Farmers National Banc by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after purchasing an additional 2,258 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

About Farmers National Banc

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.