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

Key Points

• Wall Street Zen upgraded Farmers National Banc (NASDAQ:FMNB) from "sell" to "hold"; the stock now has an average analyst rating of Hold with an average target price of $16.00.
• Q1 results beat estimates—EPS $0.45 vs. $0.37 and revenue $56.26M—and the shares trade around $14.06 with a PE of 9.7 and a market cap of about $530.6M.
• Insider buying: Director Edward Muransky purchased 40,000 shares at $12.74 (a 25.6% increase in his position), and insiders bought ~41,672 shares last quarter, now owning 3.5% of the company.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

A number of other equities research analysts have also recently commented on FMNB. Piper Sandler raised their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday. Weiss Ratings restated a "hold (c+)" rating on shares of Farmers National Banc in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Farmers National Banc from a "strong sell" rating to a "hold" rating in a research note on Friday, April 3rd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Farmers National Banc has an average rating of "Hold" and an average target price of $16.00.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $14.06 on Friday. The firm's 50 day moving average price is $13.23 and its 200-day moving average price is $13.44. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $15.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $530.62 million, a PE ratio of 9.70 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 13.95%. The firm had revenue of $56.26 million for the quarter, compared to analysts' expectations of $55.30 million. Equities research analysts expect that Farmers National Banc will post 1.61 EPS for the current year.

Insiders Place Their Bets

In other Farmers National Banc news, Director Edward Muransky purchased 40,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the completion of the transaction, the director owned 196,020 shares of the company's stock, valued at approximately $2,497,294.80. This trade represents a 25.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 41,672 shares of company stock valued at $530,974 in the last quarter. Insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently bought and sold shares of FMNB. AQR Capital Management LLC increased its position in Farmers National Banc by 94.6% in the first quarter. AQR Capital Management LLC now owns 27,870 shares of the bank's stock worth $364,000 after purchasing an additional 13,548 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after purchasing an additional 936 shares during the last quarter. Empowered Funds LLC increased its position in Farmers National Banc by 50.3% in the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank's stock worth $497,000 after purchasing an additional 12,735 shares during the last quarter. Jane Street Group LLC bought a new stake in Farmers National Banc in the first quarter worth $830,000. Finally, Legal & General Group Plc increased its position in Farmers National Banc by 18.2% in the second quarter. Legal & General Group Plc now owns 36,462 shares of the bank's stock worth $503,000 after purchasing an additional 5,612 shares during the last quarter. Institutional investors own 38.72% of the company's stock.

About Farmers National Banc

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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