Farmers National Banc (NASDAQ:FMNB) Stock Rating Upgraded by Wall Street Zen

Farmers National Banc (NASDAQ:FMNB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Price Performance

Shares of FMNB stock opened at $15.61 on Friday. The stock’s fifty day moving average is $15.24 and its 200-day moving average is $14.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $924.86 million, a PE ratio of 10.62 and a beta of 0.76. Farmers National Banc has a 52 week low of $12.12 and a 52 week high of $16.46.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%.The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Equities research analysts expect that Farmers National Banc will post 1.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael C. Voinovich sold 23,309 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president owned 32,020 shares in the company, valued at approximately $511,359.40. This represents a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in Farmers National Banc by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after purchasing an additional 920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 purchasing an additional 940 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of 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 purchasing an additional 966 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Farmers National Banc by 5.3% during the second quarter. Fifth Third Bancorp now owns 20,092 shares of the bank’s stock worth $293,000 after buying an additional 1,006 shares during the period. Institutional investors 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.