Farmers National Banc (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

FMNB has been the topic of several other research reports. ValuEngine lowered Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub lowered Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods lowered Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th.

Farmers National Banc (FMNB) traded up $0.10 during midday trading on Tuesday, hitting $14.15. The stock had a trading volume of 31,490 shares, compared to its average volume of 41,474. Farmers National Banc has a fifty-two week low of $12.65 and a fifty-two week high of $15.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $385.62, a price-to-earnings ratio of 17.05 and a beta of 0.35.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Farmers National Banc had a return on equity of 10.89% and a net margin of 21.72%. The business had revenue of $25.12 million for the quarter, compared to analyst estimates of $25.90 million. equities research analysts expect that Farmers National Banc will post 1.12 earnings per share for the current fiscal year.

In related news, Director Edward Muransky purchased 6,850 shares of Farmers National Banc stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $14.99 per share, for a total transaction of $102,681.50. Following the acquisition, the director now directly owns 23,934 shares in the company, valued at $358,770.66. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have bought 8,187 shares of company stock worth $121,698. Insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of Farmers National Banc by 38.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock worth $733,000 after purchasing an additional 14,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Farmers National Banc during the 3rd quarter worth about $298,000. State Street Corp increased its position in shares of Farmers National Banc by 10.8% during the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock worth $6,638,000 after purchasing an additional 44,733 shares during the last quarter. Investment Partners Ltd. OH ADV increased its position in shares of Farmers National Banc by 67.0% during the 3rd quarter. Investment Partners Ltd. OH ADV now owns 168,081 shares of the bank’s stock worth $2,530,000 after purchasing an additional 67,406 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Farmers National Banc by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 945,068 shares of the bank’s stock worth $13,704,000 after purchasing an additional 25,377 shares during the last quarter. Institutional investors and hedge funds own 34.23% of the company’s stock.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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