Weiss Ratings Reiterates Hold (C+) Rating for Farmers National Banc (NASDAQ:FMNB)

Key Points

• Weiss Ratings has maintained a "hold (C+)" rating for Farmers National Banc (NASDAQ:FMNB), while Zacks Research downgraded the company from "strong-buy" to "hold".
• Farmers National Banc reported quarterly earnings meeting expectations with an EPS of $0.37 and revenue of $47.04 million, surpassing analyst forecasts.
• Institutional investors have significantly increased their stakes in Farmers National Banc, with notable increases from CWM LLC and GAMMA Investing LLC, among others.

Farmers National Banc (NASDAQ:FMNB - Get Free Report)'s stock had its "hold (c+)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of Farmers National Banc from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Farmers National Banc currently has an average rating of "Hold" and a consensus price target of $15.50.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $14.16 on Wednesday. The stock has a market cap of $533.12 million, a price-to-earnings ratio of 10.57 and a beta of 0.83. Farmers National Banc has a 52 week low of $11.58 and a 52 week high of $16.29. The company's 50-day moving average price is $14.44 and its 200 day moving average price is $13.69. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $47.04 million for the quarter, compared to analysts' expectations of $46.55 million. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.02%. As a group, research analysts forecast that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Farmers National Banc by 105.1% in the 1st quarter. CWM LLC now owns 2,035 shares of the bank's stock valued at $27,000 after purchasing an additional 1,043 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Farmers National Banc by 1,852.1% in the first quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock worth $31,000 after acquiring an additional 2,241 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Farmers National Banc by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank's stock worth $62,000 after acquiring an additional 1,487 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Farmers National Banc in the second quarter worth approximately $128,000. Finally, Walleye Capital LLC acquired a new stake in shares of Farmers National Banc in the second quarter worth approximately $139,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers National Banc

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.

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