Farmers National Banc (NASDAQ:FMNB) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Farmers National Banc from “hold” to “buy,” while Weiss Ratings also raised its rating. Despite the upgrades, the broader analyst consensus remains “Hold,” with a $16.00 price target.
• Farmers National Banc reported quarterly EPS of $0.41, exceeding the $0.34 consensus estimate, while revenue of $70.44 million slightly surpassed expectations.
• The stock opened at $15.68, near its 52-week high of $16.46. Institutional investors own 38.72% of the company, while recent insider transactions included stock sales by an executive vice president and a director.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings upgraded Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Farmers National Banc presently has a consensus rating of "Hold" and a consensus price target of $16.00.

Farmers National Banc Stock Performance

Farmers National Banc stock opened at $15.68 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm's 50 day simple moving average is $15.22 and its 200 day simple moving average is $14.18. The firm has a market capitalization of $929.04 million, a PE ratio of 10.67 and a beta of 0.76. Farmers National Banc has a 1-year low of $12.12 and a 1-year high of $16.46.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The business had revenue of $70.44 million during the quarter, compared to analyst estimates of $70.10 million. As a group, analysts expect that Farmers National Banc will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president owned 32,020 shares of the company's stock, valued at approximately $511,359.40. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Voinovich sold 23,309 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The disclosure for this sale is available in the SEC filing. Company insiders own 3.50% of the company's stock.

Institutional Trading of Farmers National Banc

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in Farmers National Banc by 1,872.1% in the second quarter. California State Teachers Retirement System now owns 1,038,396 shares of the bank's stock valued at $15,161,000 after acquiring an additional 985,742 shares during the period. Empowered Funds LLC purchased a new stake in shares of Farmers National Banc during the 2nd quarter valued at about $3,354,000. United Capital Financial Advisors LLC purchased a new position in shares of Farmers National Banc in the second quarter worth approximately $445,000. Raffles Associates LP purchased a new position in shares of Farmers National Banc in the second quarter worth approximately $219,000. Finally, Bank of America Corp DE bought a new stake in Farmers National Banc during the second quarter valued at approximately $1,376,000. Institutional investors own 38.72% of the company's stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company's primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.

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