Farmers National Banc (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

A number of other research analysts have also weighed in on FMNB. BidaskClub lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Finally, Raymond James reduced their price objective on shares of Farmers National Banc from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Farmers National Banc stock traded up $0.23 during mid-day trading on Thursday, reaching $12.83. The company’s stock had a trading volume of 24,000 shares, compared to its average volume of 31,435. Farmers National Banc has a 12-month low of $12.55 and a 12-month high of $16.90. The firm has a market capitalization of $349.99 million, a price-to-earnings ratio of 14.26 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Farmers National Banc had a net margin of 25.71% and a return on equity of 12.61%. The business had revenue of $26.40 million during the quarter, compared to analyst estimates of $26.80 million. On average, equities research analysts forecast that Farmers National Banc will post 1.14 EPS for the current year.

In other news, Director Edward Muransky purchased 3,000 shares of Farmers National Banc stock in a transaction dated Friday, October 26th. The stock was purchased at an average cost of $13.29 per share, for a total transaction of $39,870.00. Following the transaction, the director now directly owns 20,246 shares of the company’s stock, valued at $269,069.34. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 3,972 shares of company stock valued at $73,013 over the last quarter. 9.11% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van Hulzen Asset Management LLC grew its position in shares of Farmers National Banc by 23.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock valued at $387,000 after purchasing an additional 4,590 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Farmers National Banc during the 2nd quarter valued at $353,000. Renaissance Technologies LLC grew its position in shares of Farmers National Banc by 10.3% during the 2nd quarter. Renaissance Technologies LLC now owns 208,500 shares of the bank’s stock valued at $3,326,000 after purchasing an additional 19,400 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Farmers National Banc during the 3rd quarter valued at $153,000. Finally, Farmers Trust Co. grew its position in shares of Farmers National Banc by 6.6% during the 3rd quarter. Farmers Trust Co. now owns 256,689 shares of the bank’s stock valued at $3,928,000 after purchasing an additional 15,859 shares in the last quarter. Hedge funds and other institutional investors own 35.83% of the company’s stock.

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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