Zacks Investment Research cut shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a report published on Tuesday.

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. “

Several other research firms also recently issued reports on FMNB. ValuEngine downgraded shares of Farmers National Banc from a buy rating to a hold rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $16.00 price target on shares of Farmers National Banc in a research note on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Farmers National Banc from a hold rating to a sell rating in a research note on Thursday, December 7th.

Farmers National Banc (NASDAQ FMNB) traded up $0.50 during trading on Tuesday, reaching $15.80. 34,100 shares of the company traded hands, compared to its average volume of 30,525. Farmers National Banc has a 12-month low of $12.13 and a 12-month high of $15.95. The stock has a market cap of $421.42, a P/E ratio of 19.04 and a beta of 0.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, December 7th. Farmers National Banc’s dividend payout ratio (DPR) is 28.92%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Farmers National Banc by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 945,068 shares of the bank’s stock worth $13,704,000 after purchasing an additional 25,377 shares during the last quarter. State Street Corp increased its position in shares of Farmers National Banc by 10.8% in the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock worth $6,638,000 after purchasing an additional 44,733 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Farmers National Banc by 22.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock worth $6,165,000 after purchasing an additional 75,463 shares during the last quarter. LSV Asset Management increased its position in shares of Farmers National Banc by 137.7% in the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock worth $5,497,000 after purchasing an additional 219,631 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Farmers National Banc by 9.1% in the 2nd quarter. Northern Trust Corp now owns 276,716 shares of the bank’s stock worth $4,013,000 after purchasing an additional 23,073 shares during the last quarter. 34.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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