Farmers National Banc (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

Several other brokerages also recently weighed in on FMNB. TheStreet downgraded shares of Farmers National Banc from a “b-” rating to a “c+” rating in a research note on Friday, March 27th. Raymond James upgraded shares of Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Wednesday, June 17th. BidaskClub downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, ValuEngine downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Friday, April 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Shares of FMNB traded up $0.31 during mid-day trading on Tuesday, hitting $11.78. 89,000 shares of the company’s stock were exchanged, compared to its average volume of 107,058. Farmers National Banc has a fifty-two week low of $9.82 and a fifty-two week high of $16.50. The firm has a market capitalization of $334.22 million, a P/E ratio of 9.13 and a beta of 0.91. The business’s 50 day moving average is $11.63 and its two-hundred day moving average is $13.55. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, April 29th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. Farmers National Banc had a net margin of 26.71% and a return on equity of 12.61%. The business had revenue of $30.02 million during the quarter, compared to the consensus estimate of $30.30 million. On average, equities research analysts forecast that Farmers National Banc will post 1.07 earnings per share for the current year.

Several large investors have recently modified their holdings of FMNB. AJO LP purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at $30,000. Asset Dedication LLC purchased a new stake in shares of Farmers National Banc in the first quarter valued at $42,000. Bank of Montreal Can lifted its position in shares of Farmers National Banc by 32.2% in the fourth quarter. Bank of Montreal Can now owns 4,139 shares of the bank’s stock valued at $67,000 after acquiring an additional 1,007 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Farmers National Banc by 28.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,946 shares of the bank’s stock valued at $92,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Farmers National Banc by 35.2% in the first quarter. Citigroup Inc. now owns 7,960 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 41.19% 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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