Zacks Investment Research downgraded shares of Farmers National Banc (NASDAQ:FMNB) from a buy rating to a hold rating in a report issued 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. “

Separately, BidaskClub upgraded Farmers National Banc from a hold rating to a buy rating in a research report on Friday, June 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $17.00.

FMNB opened at $15.30 on Tuesday. The stock has a market capitalization of $425.67 million, a P/E ratio of 17.00 and a beta of 0.41. Farmers National Banc has a 12 month low of $12.80 and a 12 month high of $16.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.03.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.07. Farmers National Banc’s payout ratio is 35.56%.

In other Farmers National Banc news, Director Edward Muransky bought 4,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was acquired at an average price of $15.86 per share, for a total transaction of $63,440.00. Following the completion of the transaction, the director now directly owns 13,044 shares of the company’s stock, valued at $206,877.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired 5,065 shares of company stock valued at $80,589 in the last 90 days. Company insiders own 9.11% of the company’s stock.

Large investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in shares of Farmers National Banc during the first quarter valued at approximately $148,000. ZPR Investment Management purchased a new position in shares of Farmers National Banc during the first quarter valued at approximately $152,000. Macquarie Group Ltd. purchased a new position in shares of Farmers National Banc during the second quarter valued at approximately $353,000. 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 valued at $354,000 after buying an additional 7,200 shares during the period. Finally, 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 valued at $354,000 after buying an additional 15,737 shares during the period. Institutional investors and hedge funds own 35.62% of the company’s stock.

Farmers National Banc Company Profile

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.

Further Reading: Earnings Per Share (EPS)

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