Farmers National Banc (NASDAQ:FMNB) Rating Lowered to Sell at Wall Street Zen

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

A number of other brokerages also recently commented on FMNB. Piper Sandler reduced their target price on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Farmers National Banc currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Farmers National Banc Stock Up 1.0%

NASDAQ FMNB opened at $12.98 on Friday. The company has a market cap of $488.70 million, a P/E ratio of 8.95 and a beta of 0.85. Farmers National Banc has a one year low of $11.58 and a one year high of $15.50. The business has a fifty day moving average price of $13.66 and a 200 day moving average price of $13.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The business had revenue of $49.89 million during the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. Research analysts anticipate that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Farmers National Banc by 9,065.7% in the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares during the period. Tower Research Capital LLC TRC grew its position in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after buying an additional 1,487 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Farmers National Banc by 220.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock valued at $64,000 after buying an additional 3,319 shares during the period. CWM LLC raised its position in Farmers National Banc by 158.8% during the 2nd quarter. CWM LLC now owns 5,267 shares of the bank’s stock worth $73,000 after buying an additional 3,232 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Farmers National Banc by 67.3% in the 3rd quarter. New York State Common Retirement Fund now owns 7,707 shares of the bank’s stock worth $111,000 after acquiring an additional 3,100 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

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.