Farmers National Banc (NASDAQ:FMNB) Raised to “Hold” at BidaskClub

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Farmers National Banc (NASDAQ:FMNB) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday, BidAskClub reports.

A number of other brokerages also recently commented on FMNB. Boenning Scattergood restated a “buy” rating and issued a $15.50 target price on shares of Farmers National Banc in a research note on Wednesday, July 31st. Zacks Investment Research downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, ValuEngine upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Shares of FMNB opened at $14.55 on Friday. Farmers National Banc has a 52 week low of $11.56 and a 52 week high of $15.13. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $399.23 million, a price-to-earnings ratio of 12.65 and a beta of 0.88. The stock’s 50-day moving average price is $14.27 and its 200-day moving average price is $14.24.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Friday, July 26th. The bank reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Farmers National Banc had a return on equity of 12.54% and a net margin of 26.98%. The firm had revenue of $27.49 million for the quarter, compared to the consensus estimate of $27.60 million. As a group, equities analysts anticipate that Farmers National Banc will post 1.25 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in Farmers National Banc by 6.8% during the second quarter. BlackRock Inc. now owns 1,498,170 shares of the bank’s stock worth $22,218,000 after purchasing an additional 95,138 shares in the last quarter. Macnealy Hoover Investment Management Inc. boosted its position in Farmers National Banc by 2.2% during the second quarter. Macnealy Hoover Investment Management Inc. now owns 615,240 shares of the bank’s stock worth $9,124,000 after purchasing an additional 13,025 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Farmers National Banc by 2.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 285,684 shares of the bank’s stock worth $4,237,000 after purchasing an additional 5,875 shares in the last quarter. Northern Trust Corp boosted its position in Farmers National Banc by 3.3% during the second quarter. Northern Trust Corp now owns 283,098 shares of the bank’s stock worth $4,198,000 after purchasing an additional 8,960 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Farmers National Banc by 4.8% during the second quarter. Renaissance Technologies LLC now owns 261,600 shares of the bank’s stock worth $3,880,000 after purchasing an additional 12,100 shares in the last quarter. Hedge funds and other institutional investors own 37.94% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.

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