Farmers National Banc (NASDAQ:FMNB) had its target price trimmed by Raymond James from $18.00 to $17.00 in a research note released on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the bank’s stock.

Several other equities research analysts have also commented on FMNB. BidaskClub lowered shares of Farmers National Banc from a hold rating to a sell rating in a research report on Thursday, August 30th. Zacks Investment Research raised shares of Farmers National Banc from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Friday, July 20th. Finally, ValuEngine lowered shares of Farmers National Banc from a hold rating to a sell rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $17.00.

NASDAQ FMNB opened at $13.25 on Friday. Farmers National Banc has a 52 week low of $12.80 and a 52 week high of $16.90. The stock has a market cap of $366.24 million, a PE ratio of 11.94 and a beta of 0.42. 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, October 24th. The bank reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Farmers National Banc had a net margin of 25.71% and a return on equity of 12.68%. The firm had revenue of $26.40 million during the quarter, compared to analyst estimates of $26.80 million. Sell-side analysts forecast that Farmers National Banc will post 1.14 EPS for the current fiscal year.

In other news, Director Edward Muransky bought 4,000 shares of Farmers National Banc stock in a transaction that occurred on Wednesday, August 29th. The stock was bought at an average cost of $15.86 per share, with a total value of $63,440.00. Following the acquisition, the director now owns 13,044 shares of the company’s stock, valued at approximately $206,877.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 5,095 shares of company stock valued at $80,587 over the last three months. 9.11% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Farmers Trust Co. increased its holdings in Farmers National Banc by 6.6% in the 3rd quarter. Farmers Trust Co. now owns 256,689 shares of the bank’s stock worth $3,928,000 after acquiring an additional 15,859 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Farmers National Banc in the 2nd quarter worth approximately $353,000. Renaissance Technologies LLC increased its holdings in Farmers National Banc by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 208,500 shares of the bank’s stock worth $3,326,000 after acquiring an additional 19,400 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Farmers National Banc by 12.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 614,312 shares of the bank’s stock worth $9,798,000 after acquiring an additional 69,990 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Farmers National Banc by 2.2% in the 2nd quarter. BlackRock Inc. now owns 1,329,555 shares of the bank’s stock worth $21,208,000 after acquiring an additional 29,177 shares in the last quarter. 35.66% of the stock is owned by institutional investors.

About Farmers National Banc

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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