BidaskClub lowered shares of Farmers National Banc Corp. (NASDAQ:FMNB) from a sell rating to a strong sell rating in a research report released on Friday.

Several other research firms have also issued reports on FMNB. Zacks Investment Research raised Farmers National Banc Corp. from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Monday, May 15th. Keefe, Bruyette & Woods reissued a buy rating and set a $16.00 price objective on shares of Farmers National Banc Corp. in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $16.50.

Shares of Farmers National Banc Corp. (NASDAQ FMNB) traded down 0.72% during mid-day trading on Friday, hitting $13.70. The company had a trading volume of 33,246 shares. Farmers National Banc Corp. has a one year low of $8.90 and a one year high of $15.50. The company’s 50-day moving average is $14.47 and its 200 day moving average is $13.95. The company has a market capitalization of $370.80 million, a PE ratio of 16.79 and a beta of 0.46.

Farmers National Banc Corp. (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.80 million. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.39%. On average, equities research analysts forecast that Farmers National Banc Corp. will post $0.90 EPS for the current fiscal year.

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In other news, insider Mark J. Wenick purchased 2,200 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $14.10 per share, with a total value of $31,020.00. Following the completion of the purchase, the insider now directly owns 8,690 shares in the company, valued at approximately $122,529. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have acquired 3,107 shares of company stock valued at $44,095. Corporate insiders own 7.80% of the company’s stock.

A number of large investors have recently modified their holdings of FMNB. State Street Corp raised its stake in shares of Farmers National Banc Corp. by 12.2% in the fourth quarter. State Street Corp now owns 390,953 shares of the bank’s stock valued at $5,549,000 after buying an additional 42,490 shares during the period. Prudential Financial Inc. raised its stake in Farmers National Banc Corp. by 0.9% in the first quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock worth $169,000 after buying an additional 100 shares during the period. Renaissance Technologies LLC raised its stake in Farmers National Banc Corp. by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 153,600 shares of the bank’s stock worth $2,181,000 after buying an additional 24,300 shares during the period. Wellington Management Group LLP bought a new stake in Farmers National Banc Corp. during the first quarter worth $5,383,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Farmers National Banc Corp. by 43.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 320,178 shares of the bank’s stock worth $4,595,000 after buying an additional 97,566 shares during the period. 33.93% of the stock is owned by hedge funds and other institutional investors.

About Farmers National Banc Corp.

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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