Farmers National Banc (NASDAQ:FMNB) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, BidAskClub reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Boenning Scattergood reaffirmed a “buy” rating and set a $15.50 target price on shares of Farmers National Banc in a research report on Wednesday, July 31st. Finally, ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.50.

Shares of Farmers National Banc stock traded up $0.31 on Friday, reaching $14.43. 72,557 shares of the company’s stock were exchanged, compared to its average volume of 40,237. The company has a market capitalization of $390.66 million, a P/E ratio of 11.67 and a beta of 0.88. Farmers National Banc has a 52 week low of $11.56 and a 52 week high of $15.13. The firm’s 50-day moving average is $14.15 and its two-hundred day moving average is $14.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Friday, July 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $27.49 million for the quarter, compared to analysts’ expectations of $27.60 million. Farmers National Banc had a return on equity of 12.54% and a net margin of 26.98%. On average, analysts expect that Farmers National Banc will post 1.25 EPS for the current fiscal year.

Several large investors have recently modified their holdings of FMNB. Bank of Montreal Can raised its position in shares of Farmers National Banc by 84.1% during the second quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock worth $45,000 after purchasing an additional 1,399 shares during the period. Zebra Capital Management LLC acquired a new position in shares of Farmers National Banc during the second quarter worth approximately $189,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Farmers National Banc during the second quarter worth approximately $454,000. Panagora Asset Management Inc. acquired a new position in shares of Farmers National Banc during the second quarter worth approximately $550,000. Finally, Prudential Financial Inc. raised its position in shares of Farmers National Banc by 10.4% during the second quarter. Prudential Financial Inc. now owns 38,140 shares of the bank’s stock worth $565,000 after purchasing an additional 3,602 shares during the period. 37.94% of the stock is currently 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, MasterCard and Visa credit cards, brokerage, and other services.

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