Farmers National Banc (NASDAQ:FMNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Several other analysts have also commented on the stock. Weiss Ratings raised shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Piper Sandler lifted their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Farmers National Banc presently has an average rating of “Hold” and an average price target of $16.00.

Farmers National Banc Price Performance

Shares of Farmers National Banc stock opened at $16.15 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $14.84 and its two-hundred day moving average price is $13.96. Farmers National Banc has a 52 week low of $12.12 and a 52 week high of $16.18. The stock has a market cap of $956.89 million, a PE ratio of 10.99 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The company had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. As a group, sell-side analysts anticipate that Farmers National Banc will post 1.68 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a yield of 4.2%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.26%.

Insider Activity

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark J. Wenick sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $15.97, for a total transaction of $79,850.00. Following the sale, the executive vice president directly owned 32,020 shares of the company’s stock, valued at $511,359.40. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock worth $364,000 after purchasing an additional 13,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the period. Empowered Funds LLC raised its stake in Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after purchasing an additional 12,735 shares during the period. Jane Street Group LLC purchased a new stake in shares of Farmers National Banc in the first quarter valued at $830,000. Finally, Legal & General Group Plc boosted its position in shares of Farmers National Banc by 18.2% in the second quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock worth $503,000 after buying an additional 5,612 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

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.