Farmers National Banc (NASDAQ:FMNB) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Farmers National Banc from “hold” to “buy,” while the broader analyst consensus remains “hold” with a $16.00 target price.
• FMNB shares opened at $15.69, near their 12-month high of $16.16. The bank’s latest quarterly results beat expectations, reporting $0.41 in EPS versus the $0.34 consensus and revenue of $70.44 million.
• Company insiders recently sold shares, including an executive vice president’s $79,850 sale and a director’s $331,221 sale; insiders retain a 3.50% ownership stake, while institutions and hedge funds own 38.72%.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Monday.

Several other brokerages have also issued reports on FMNB. Weiss Ratings raised Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Piper Sandler boosted their target price on Farmers National Banc from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Farmers National Banc presently has an average rating of "Hold" and a consensus target price of $16.00.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $15.69 on Monday. The firm has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $13.91. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $16.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $929.16 million, a PE ratio of 10.67 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The firm had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. On average, equities analysts predict that Farmers National Banc will post 1.68 EPS for the current fiscal year.

Insider Transactions at Farmers National Banc

In related 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 transaction, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael C. Voinovich sold 23,309 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The SEC filing for this sale provides additional information. Company insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Farmers National Banc by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 15,227 shares of the bank's stock worth $200,000 after acquiring an additional 920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after acquiring an additional 936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Farmers National Banc by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank's stock worth $368,000 after purchasing an additional 940 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank's stock worth $569,000 after purchasing an additional 966 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Farmers National Banc by 5.3% in the second quarter. Fifth Third Bancorp now owns 20,092 shares of the bank's stock valued at $293,000 after purchasing an additional 1,006 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

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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