Farmers National Banc (FMNB) Rating Lowered to Hold at ValuEngine

Farmers National Banc (NASDAQ:FMNB) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, December 26th.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price target on shares of Farmers National Banc in a research note on Friday, December 22nd. BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Monday, October 30th.

Shares of Farmers National Banc (NASDAQ:FMNB) opened at $15.80 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $435.20, a PE ratio of 19.04 and a beta of 0.42. Farmers National Banc has a one year low of $12.12 and a one year high of $15.95.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp boosted its stake in shares of Farmers National Banc by 6.4% in the second quarter. Stifel Financial Corp now owns 13,244 shares of the bank’s stock worth $192,000 after buying an additional 800 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Farmers National Banc by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 91,080 shares of the bank’s stock worth $1,321,000 after buying an additional 2,489 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Farmers National Banc by 6.5% in the second quarter. Teachers Advisors LLC now owns 44,255 shares of the bank’s stock worth $642,000 after buying an additional 2,709 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Farmers National Banc by 33.3% in the third quarter. Wedbush Securities Inc. now owns 16,925 shares of the bank’s stock worth $255,000 after buying an additional 4,225 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Farmers National Banc by 19.3% in the third quarter. Wells Fargo & Company MN now owns 30,227 shares of the bank’s stock worth $455,000 after buying an additional 4,898 shares during the last quarter. Hedge funds and other institutional investors own 34.49% of the company’s stock.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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