Farmers National Banc (FMNB) Downgraded to “Sell” at ValuEngine

Farmers National Banc (NASDAQ:FMNB) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other analysts have also issued research reports about the stock. BidaskClub raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Zacks Investment Research raised shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.00.

FMNB traded up $0.05 during trading on Thursday, reaching $15.05. 29,100 shares of the company’s stock were exchanged, compared to its average volume of 31,892. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.87 and a current ratio of 0.87. Farmers National Banc has a fifty-two week low of $12.80 and a fifty-two week high of $16.90. The firm has a market capitalization of $417.38 million, a PE ratio of 16.72 and a beta of 0.41.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, July 18th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Farmers National Banc had a net margin of 24.60% and a return on equity of 11.96%. The firm had revenue of $25.87 million during the quarter, compared to analyst estimates of $25.90 million. equities analysts forecast that Farmers National Banc will post 1.15 EPS for the current year.

In other news, Director Edward Muransky purchased 4,000 shares of Farmers National Banc stock in a transaction dated Wednesday, August 29th. The shares were bought at an average cost of $15.86 per share, with a total value of $63,440.00. Following the completion of the transaction, the director now directly owns 13,044 shares in the company, valued at approximately $206,877.84. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 5,065 shares of company stock worth $80,589. Insiders own 9.11% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. ZPR Investment Management bought a new position in shares of Farmers National Banc during the first quarter worth $152,000. Macquarie Group Ltd. bought a new position in shares of Farmers National Banc during the second quarter worth $353,000. Acadian Asset Management LLC boosted its position in shares of Farmers National Banc by 245.8% during the second quarter. Acadian Asset Management LLC now owns 22,140 shares of the bank’s stock worth $354,000 after purchasing an additional 15,737 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Farmers National Banc by 39.1% during the first quarter. Prudential Financial Inc. now owns 25,600 shares of the bank’s stock worth $354,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Farmers National Banc during the second quarter worth $384,000. 35.61% of the stock is currently owned by institutional investors.

About Farmers National Banc

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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