Farmers National Banc (NASDAQ:FMNB) Cut to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average price target of $16.00.

Farmers National Banc Stock Performance

NASDAQ FMNB opened at $15.70 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. Farmers National Banc has a 1 year low of $12.12 and a 1 year high of $16.46. The company has a market capitalization of $930.23 million, a PE ratio of 10.68 and a beta of 0.76. The company has a fifty day moving average of $15.09 and a two-hundred day moving average of $14.12.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%.The company had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. As a group, analysts expect that Farmers National Banc will post 1.68 earnings per share for the current year.

Insider Transactions at Farmers National Banc

In related news, Director Michael C. Voinovich sold 23,309 shares of the firm’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 document filed with the SEC, which is available at this link. Also, EVP Mark J. Wenick sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. This trade represents a 13.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in Farmers National Banc by 1,872.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,038,396 shares of the bank’s stock worth $15,161,000 after buying an additional 985,742 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Farmers National Banc by 13.5% in the 2nd quarter. BlackRock Inc. now owns 4,798,011 shares of the bank’s stock worth $70,051,000 after acquiring an additional 569,057 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Farmers National Banc in the second quarter valued at about $6,827,000. Dimensional Fund Advisors LP boosted its holdings in shares of Farmers National Banc by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock valued at $20,264,000 after acquiring an additional 302,397 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Farmers National Banc in the second quarter valued at about $3,354,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.