Farmers National Banc (NASDAQ:FMNB) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Farmers National Banc (NASDAQ:FMNB) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Several other brokerages have also issued reports on FMNB. ValuEngine raised Farmers National Banc from a sell rating to a hold rating in a research report on Friday, October 4th. 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, Zacks Investment Research lowered Farmers National Banc from a buy rating to a hold rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Farmers National Banc has an average rating of Hold and a consensus price target of $15.50.

NASDAQ:FMNB traded up $0.31 during mid-day trading on Friday, hitting $14.43. 72,557 shares of the company’s stock traded hands, compared to its average volume of 40,506. The company has a fifty day moving average of $14.15 and a 200 day moving average of $14.22. Farmers National Banc has a twelve month low of $11.56 and a twelve month high of $15.13. The company has a market capitalization of $390.38 million, a P/E ratio of 11.66 and a beta of 0.88. 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 announced its earnings results on Friday, July 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Farmers National Banc had a return on equity of 12.54% and a net margin of 26.98%. The company had revenue of $27.49 million for the quarter, compared to analyst estimates of $27.60 million. On average, research analysts expect that Farmers National Banc will post 1.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.77%. The ex-dividend date was Thursday, September 12th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.09. Farmers National Banc’s payout ratio is presently 34.78%.

Institutional investors have recently bought and sold shares of the business. Bank of Montreal Can grew its stake in Farmers National Banc by 84.1% during the 2nd quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,399 shares during the last quarter. Zebra Capital Management LLC purchased a new stake in Farmers National Banc during the 2nd quarter valued at about $189,000. Municipal Employees Retirement System of Michigan purchased a new stake in Farmers National Banc during the 2nd quarter valued at about $454,000. Panagora Asset Management Inc. purchased a new stake in Farmers National Banc during the 2nd quarter valued at about $550,000. Finally, Prudential Financial Inc. grew its stake in Farmers National Banc by 10.4% during the 2nd quarter. Prudential Financial Inc. now owns 38,140 shares of the bank’s stock valued at $565,000 after purchasing an additional 3,602 shares during the last quarter. Institutional investors and hedge funds own 37.94% 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, MasterCard and Visa credit cards, brokerage, and other services.

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