Farmers National Banc (NASDAQ:FMNB) Cut to “Sell” at Wall Street Zen

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

Several other equities research analysts also recently weighed in on FMNB. Zacks Research downgraded Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. Finally, Piper Sandler reduced their price target on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $13.10 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $494.39 million, a PE ratio of 9.03 and a beta of 0.85. The company’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $13.53. Farmers National Banc has a 52 week low of $11.58 and a 52 week high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $50.70 million. As a group, equities research analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, February 13th. Farmers National Banc’s payout ratio is 46.90%.

Insider Buying and Selling

In related news, Director Edward Muransky acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $12.74 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 41,672 shares of company stock worth $530,974. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors have recently modified their holdings of FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Farmers National Banc by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock valued at $368,000 after buying an additional 940 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Farmers National Banc by 2.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock valued at $569,000 after buying an additional 966 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Farmers National Banc by 12.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after buying an additional 1,083 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Farmers National Banc by 6.2% during the second quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock valued at $342,000 after buying an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.