Farmers National Banc (FMNB) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a research note released on Tuesday.

FMNB has been the topic of several other reports. Zacks Investment Research downgraded Farmers National Banc from a hold rating to a sell rating in a report on Friday, January 18th. ValuEngine downgraded Farmers National Banc from a hold rating to a sell rating in a report on Thursday, January 10th. Finally, Raymond James reduced their price objective on Farmers National Banc from $18.00 to $17.00 and set a buy rating on the stock in a report on Friday, October 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $16.50.

Shares of FMNB stock opened at $13.52 on Tuesday. Farmers National Banc has a 52-week low of $11.56 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $375.59 million, a P/E ratio of 11.76 and a beta of 0.74.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 30th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Farmers National Banc had a return on equity of 13.18% and a net margin of 27.77%. The firm had revenue of $26.78 million during the quarter, compared to analyst estimates of $27.21 million. Research analysts expect that Farmers National Banc will post 1.25 EPS for the current year.

In other news, Director Gregory C. Bestic acquired 8,100 shares of Farmers National Banc stock in a transaction on Friday, December 21st. The shares were bought at an average cost of $12.12 per share, for a total transaction of $98,172.00. Following the acquisition, the director now directly owns 34,097 shares of the company’s stock, valued at approximately $413,255.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 9,277 shares of company stock worth $132,868 over the last 90 days. 9.11% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Farmers National Banc by 1.8% in the 3rd quarter. BlackRock Inc. now owns 1,352,888 shares of the bank’s stock valued at $20,699,000 after acquiring an additional 23,333 shares during the period. Vanguard Group Inc increased its holdings in shares of Farmers National Banc by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 1,074,254 shares of the bank’s stock valued at $16,436,000 after acquiring an additional 19,047 shares during the period. Vanguard Group Inc. increased its holdings in shares of Farmers National Banc by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,074,254 shares of the bank’s stock valued at $16,436,000 after acquiring an additional 19,047 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Farmers National Banc by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 664,190 shares of the bank’s stock valued at $10,162,000 after acquiring an additional 49,878 shares during the period. Finally, Maltese Capital Management LLC increased its holdings in shares of Farmers National Banc by 44.1% in the 3rd quarter. Maltese Capital Management LLC now owns 660,000 shares of the bank’s stock valued at $10,098,000 after acquiring an additional 201,900 shares during the period. Institutional investors and hedge funds own 35.82% 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, credit card, brokerage, and other services.

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