Weekly Analysts’ Ratings Changes for Farmers National Banc (FMNB)

Several brokerages have updated their recommendations and price targets on shares of Farmers National Banc (NASDAQ: FMNB) in the last few weeks:

  • 2/7/2019 – Farmers National Banc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/5/2019 – Farmers National Banc was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/5/2019 – Farmers National Banc was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/1/2019 – Farmers National Banc was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/24/2019 – Farmers National Banc was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/18/2019 – Farmers National Banc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 1/15/2019 – Farmers National Banc was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/10/2019 – Farmers National Banc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/2/2019 – Farmers National Banc was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/2/2019 – Farmers National Banc was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/25/2018 – Farmers National Banc was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 12/18/2018 – Farmers National Banc is now covered by analysts at Boenning Scattergood. They set an “outperform” rating and a $14.50 price target on the stock.

Shares of FMNB opened at $13.76 on Monday. The stock has a market capitalization of $382.21 million, a PE ratio of 11.97 and a beta of 0.74. Farmers National Banc Corp has a fifty-two week low of $11.56 and a fifty-two week high of $16.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, January 30th. The bank reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $26.78 million for the quarter, compared to analyst estimates of $27.21 million. Farmers National Banc had a net margin of 27.77% and a return on equity of 13.18%. Equities research analysts anticipate that Farmers National Banc Corp will post 1.25 EPS for the current fiscal year.

In other Farmers National Banc news, Director Gregory C. Bestic purchased 8,100 shares of the stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average cost of $12.12 per share, with a total value of $98,172.00. Following the completion of the transaction, the director now owns 34,097 shares in the company, valued at $413,255.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 9,277 shares of company stock worth $132,868. 9.11% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in FMNB. Maltese Capital Management LLC grew its stake in Farmers National Banc by 44.1% during the third quarter. Maltese Capital Management LLC now owns 660,000 shares of the bank’s stock worth $10,098,000 after buying an additional 201,900 shares in the last quarter. BlackRock Inc. grew its stake in Farmers National Banc by 6.2% during the fourth quarter. BlackRock Inc. now owns 1,436,794 shares of the bank’s stock worth $18,305,000 after buying an additional 83,906 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Farmers National Banc by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 614,312 shares of the bank’s stock worth $9,798,000 after buying an additional 69,990 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its stake in Farmers National Banc by 8.6% during the third quarter. Elizabeth Park Capital Advisors Ltd. now owns 474,731 shares of the bank’s stock worth $7,263,000 after buying an additional 37,740 shares in the last quarter. Finally, Farmers Trust Co. boosted its stake in shares of Farmers National Banc by 9.9% in the 4th quarter. Farmers Trust Co. now owns 282,003 shares of the bank’s stock valued at $3,593,000 after purchasing an additional 25,314 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

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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