Farmers National Banc Corp (FMNB) Given Average Recommendation of “Hold” by Brokerages

Farmers National Banc Corp (NASDAQ:FMNB) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Zacks has also given Farmers National Banc an industry rank of 38 out of 265 based on the ratings given to its competitors.

FMNB has been the subject of several recent analyst reports. ValuEngine upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, January 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of Farmers National Banc in a research report on Friday, December 22nd. Finally, BidaskClub cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.

Shares of Farmers National Banc (NASDAQ:FMNB) opened at $14.40 on Wednesday. Farmers National Banc has a 12-month low of $12.65 and a 12-month 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 firm has a market cap of $400.77, a price-to-earnings ratio of 17.35 and a beta of 0.35.

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

In related news, Director Edward Muransky bought 6,850 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $14.99 per share, with a total value of $102,681.50. Following the completion of the purchase, the director now directly owns 23,934 shares in the company, valued at $358,770.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have purchased 8,187 shares of company stock worth $121,698. 7.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new position in Farmers National Banc during the fourth quarter worth $150,000. SG Americas Securities LLC bought a new position in Farmers National Banc during the third quarter worth $165,000. Cetera Investment Advisers bought a new position in Farmers National Banc during the second quarter worth $165,000. Stifel Financial Corp boosted its stake in Farmers National Banc by 6.4% during the second quarter. Stifel Financial Corp now owns 13,244 shares of the bank’s stock worth $192,000 after acquiring an additional 800 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in Farmers National Banc during the fourth quarter worth $198,000. 35.02% of the stock is currently owned by institutional investors and hedge funds.

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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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