Farmers National Banc (NASDAQ:FMNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a report issued on Saturday morning.

FMNB has been the topic of a number of other reports. Zacks Research cut shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Finally, Piper Sandler dropped 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, January 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and an average price target of $14.50.

Farmers National Banc Price Performance

FMNB opened at $12.53 on Friday. The business has a fifty day moving average of $13.30 and a 200 day moving average of $13.78. Farmers National Banc has a 52-week low of $11.58 and a 52-week high of $15.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The stock has a market cap of $472.01 million, a P/E ratio of 8.64 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.03% and a net margin of 19.50%.The business had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. As a group, sell-side analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Farmers National Banc’s dividend payout ratio is 46.90%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky bought 40,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $12.74 per share, for a total transaction of $509,600.00. Following the acquisition, the director directly owned 196,020 shares in the company, valued at approximately $2,497,294.80. The trade was a 25.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after acquiring an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after acquiring an additional 940 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Farmers National Banc by 12.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after purchasing an additional 1,083 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Farmers National Banc by 6.2% during the 2nd quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock worth $342,000 after purchasing an additional 1,458 shares during the last quarter. 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.