Farmers National Banc (NASDAQ:FMNB) Upgraded at StockNews.com

Farmers National Banc (NASDAQ:FMNB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities research analysts have also weighed in on FMNB. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James raised their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.67.

Farmers National Banc Trading Down 1.0 %

Shares of FMNB stock opened at $13.76 on Wednesday. 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 has a fifty-two week low of $10.87 and a fifty-two week high of $16.32. The firm’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $13.61. The stock has a market cap of $517.05 million, a price-to-earnings ratio of 11.19 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. On average, analysts anticipate that Farmers National Banc will post 1.36 EPS for the current year.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.00% of the stock is owned by insiders.

Institutional Trading of Farmers National Banc

Several hedge funds have recently bought and sold shares of FMNB. EntryPoint Capital LLC bought a new position in Farmers National Banc in the 1st quarter worth about $73,000. Price T Rowe Associates Inc. MD bought a new position in Farmers National Banc in the 1st quarter worth approximately $140,000. Cubist Systematic Strategies LLC increased its position in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after acquiring an additional 997 shares during the period. SG Americas Securities LLC bought a new stake in Farmers National Banc during the 3rd quarter valued at $214,000. Finally, Busey Bank bought a new stake in Farmers National Banc during the 2nd quarter valued at $224,000. 38.72% of the stock is currently owned by institutional investors.

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.