Farmers National Banc (NASDAQ:FMNB – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.
Several other research analysts have also recently weighed in on FMNB. Piper Sandler upped their price objective on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.00.
Get Our Latest Stock Report on Farmers National Banc
Farmers National Banc Stock Up 0.8%
Farmers National Banc (NASDAQ:FMNB – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The firm had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. On average, equities analysts predict that Farmers National Banc will post 1.68 EPS for the current fiscal year.
Insider Activity
In other news, Director Michael C. Voinovich sold 23,309 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.
Institutional Trading of Farmers National Banc
A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Farmers National Banc by 6.4% during the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock valued at $200,000 after acquiring an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after acquiring an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after acquiring an additional 940 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,083 shares in the last quarter. Institutional investors own 38.72% of the company’s stock.
Farmers National Banc Company Profile
Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.
The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.
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