Farmers National Banc Corp (NASDAQ:FMNB) has received a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $16.13.

Several research analysts have recently weighed in on FMNB shares. ValuEngine cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. BidaskClub cut shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Boenning Scattergood started coverage on shares of Farmers National Banc in a research report on Tuesday, December 18th. They set an “outperform” rating and a $14.50 price target on the stock. Finally, Zacks Investment Research raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th.

In related news, Director Gregory C. Bestic bought 8,100 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were bought at an average price of $12.12 per share, with a total value of $98,172.00. Following the completion of the transaction, the director now directly owns 34,097 shares of the company’s stock, valued at approximately $413,255.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 9,554 shares of company stock worth $117,720 in the last ninety days. 9.11% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. lifted its position 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 buying an additional 1,000 shares during the last quarter. Citigroup Inc. lifted its position 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 buying an additional 1,164 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position 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 buying an additional 6,995 shares during the last quarter. Ramsey Quantitative Systems lifted its position 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 buying an additional 2,113 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in Farmers National Banc in the third quarter valued at about $153,000. 36.76% of the stock is currently owned by institutional investors.

Shares of FMNB stock opened at $14.37 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $403.24 million, a PE ratio of 12.50 and a beta of 0.79. Farmers National Banc has a twelve month low of $11.56 and a twelve month high of $16.90.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 30th. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $26.78 million for the quarter, compared to analysts’ expectations of $27.21 million. Farmers National Banc had a net margin of 27.77% and a return on equity of 12.97%. As a group, analysts forecast that Farmers National Banc will post 1.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a $0.09 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.51%. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.08. Farmers National Banc’s dividend payout ratio is presently 31.30%.

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, credit card, brokerage, and other services.

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