Farmers National Banc (NASDAQ:FMNB) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities analysts have also recently issued reports on FMNB. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.00 price objective on shares of Farmers National Banc in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, BidaskClub cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.

Farmers National Banc (FMNB) traded down $0.40 during mid-day trading on Tuesday, hitting $14.55. 29,791 shares of the stock were exchanged, compared to its average volume of 47,438. The company has a market cap of $411.78, a PE ratio of 17.32 and a beta of 0.42. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc has a one year low of $12.13 and a one year high of $15.95.

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Farmers National Banc by 33.8% in the 2nd quarter. Rhumbline Advisers now owns 26,970 shares of the bank’s stock valued at $391,000 after buying an additional 6,815 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of Farmers National Banc by 14.8% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 149,920 shares of the bank’s stock worth $2,174,000 after purchasing an additional 19,292 shares during the last quarter. LSV Asset Management increased its stake in shares of Farmers National Banc by 137.7% during the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock worth $5,497,000 after purchasing an additional 219,631 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Farmers National Banc by 38.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock worth $733,000 after purchasing an additional 14,000 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Farmers National Banc during the 2nd quarter worth approximately $320,000. 34.49% of the stock is currently owned by institutional investors.

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About Farmers National Banc

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

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