Farmers National Banc (NASDAQ:FMNB) Downgraded by BidaskClub

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

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Farmers National Banc from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, June 4th. ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Raymond James lifted their price target on Farmers National Banc from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.17.

Shares of Farmers National Banc stock opened at $14.03 on Wednesday. The firm has a market cap of $392.96 million, a PE ratio of 11.88 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. Farmers National Banc has a 12-month low of $11.56 and a 12-month high of $16.90.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, April 24th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $26.49 million for the quarter, compared to analyst estimates of $26.79 million. Farmers National Banc had a return on equity of 12.82% and a net margin of 27.42%. Equities research analysts predict that Farmers National Banc will post 1.25 EPS for the current fiscal year.

In other Farmers National Banc news, CEO Kevin J. Helmick purchased 2,861 shares of the stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the completion of the acquisition, the chief executive officer now owns 70,072 shares of the company’s stock, valued at approximately $906,731.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 3,819 shares of company stock worth $50,517 in the last quarter. 8.66% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Farmers National Banc by 509.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,301 shares of the bank’s stock valued at $73,000 after buying an additional 4,431 shares in the last quarter. Bessemer Group Inc. grew its stake in Farmers National Banc by 14.9% in the fourth quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,000 shares in the last quarter. Citigroup Inc. grew its stake in Farmers National Banc by 17.2% in the fourth quarter. Citigroup Inc. now owns 7,942 shares of the bank’s stock valued at $101,000 after purchasing an additional 1,164 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Farmers National Banc by 405.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,719 shares of the bank’s stock valued at $111,000 after purchasing an additional 6,995 shares in the last quarter. Finally, Ramsey Quantitative Systems grew its stake in Farmers National Banc by 29.4% in the fourth quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock valued at $118,000 after purchasing an additional 2,113 shares in the last quarter. Institutional investors and hedge funds own 37.04% of the company’s stock.

Farmers National Banc Company Profile

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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