Farmers National Banc (NASDAQ:FMNB) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a report issued on Saturday.

Several other brokerages have also weighed in on FMNB. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Piper Sandler decreased their price target on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Stock Performance

FMNB opened at $13.02 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. Farmers National Banc has a 12-month low of $11.58 and a 12-month high of $15.50. The business has a 50 day moving average of $13.65 and a 200-day moving average of $13.88. The stock has a market cap of $490.20 million, a price-to-earnings ratio of 8.98 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. The business had revenue of $49.89 million during the quarter, compared to the consensus estimate of $50.70 million. On average, equities research analysts expect that Farmers National Banc will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Institutional Investors Weigh In On Farmers National Banc

A number of large investors have recently added to or reduced their stakes in FMNB. AQR Capital Management LLC increased its stake in Farmers National Banc by 94.6% during the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock worth $364,000 after acquiring an additional 13,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares in the last quarter. Empowered Funds LLC increased its position in shares of Farmers National Banc by 50.3% in the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock worth $497,000 after purchasing an additional 12,735 shares during the period. Jane Street Group LLC acquired a new position in Farmers National Banc in the first quarter valued at about $830,000. Finally, Inspire Investing LLC lifted its position in Farmers National Banc by 7.7% during the second quarter. Inspire Investing LLC now owns 28,294 shares of the bank’s stock worth $390,000 after purchasing an additional 2,035 shares during the period. Institutional investors and hedge funds 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.