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

StockNews.com downgraded shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a research report report published on Thursday.

FMNB has been the topic of a number of other research reports. Raymond James upped their price objective on Farmers National Banc from $16.00 to $18.00 and gave the stock an outperform rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods restated a market perform rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. One equities research 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. According to MarketBeat.com, Farmers National Banc presently has an average rating of Hold and an average target price of $15.67.

Farmers National Banc Price Performance

FMNB stock opened at $14.37 on Thursday. The business has a 50 day moving average price of $14.80 and a 200 day moving average price of $13.40. The stock has a market cap of $539.59 million, a price-to-earnings ratio of 9.91 and a beta of 0.82. Farmers National Banc has a fifty-two week low of $10.38 and a fifty-two week high of $16.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. Equities research analysts anticipate that Farmers National Banc will post 1.37 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s payout ratio is 46.90%.

Insiders Place Their Bets

In other news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total transaction of $31,760.00. Following the sale, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares in the company, valued at $529,230. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FMNB. Farmers Trust Co. boosted its position in Farmers National Banc by 5.0% during the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank’s stock valued at $6,298,000 after purchasing an additional 19,778 shares during the period. American Century Companies Inc. boosted its position in Farmers National Banc by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock valued at $3,757,000 after purchasing an additional 8,525 shares during the period. Bank of New York Mellon Corp boosted its position in Farmers National Banc by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock valued at $2,834,000 after purchasing an additional 12,160 shares during the period. Twelve Points Wealth Management LLC boosted its position in Farmers National Banc by 12.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock valued at $678,000 after purchasing an additional 5,987 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in Farmers National Banc by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after acquiring an additional 2,258 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Company Profile

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.