Farmers National Banc Corp. (FMNB) Stock Rating Lowered by Zacks Investment Research

Farmers National Banc Corp. (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

FMNB has been the topic of several other reports. BidaskClub downgraded shares of Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of Farmers National Banc Corp. in a research report on Thursday, July 27th.

Farmers National Banc Corp. (FMNB) opened at 14.50 on Monday. Farmers National Banc Corp. has a 52 week low of $9.98 and a 52 week high of $15.95. The firm has a market capitalization of $392.63 million, a price-to-earnings ratio of 17.81 and a beta of 0.46. The stock’s 50 day moving average is $14.95 and its 200-day moving average is $14.28.

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A number of large investors have recently modified their holdings of FMNB. Bessemer Group Inc. bought a new stake in Farmers National Banc Corp. in the 2nd quarter valued at about $141,000. Cetera Investment Advisers bought a new stake in Farmers National Banc Corp. in the 2nd quarter valued at about $165,000. Prudential Financial Inc. lifted its position in Farmers National Banc Corp. by 0.9% in the 1st quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock valued at $169,000 after purchasing an additional 100 shares during the last quarter. Menta Capital LLC bought a new stake in Farmers National Banc Corp. in the 1st quarter valued at about $174,000. Finally, Stifel Financial Corp lifted its position in Farmers National Banc Corp. by 6.4% in the 2nd quarter. Stifel Financial Corp now owns 13,244 shares of the bank’s stock valued at $192,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 34.12% of the company’s stock.

Farmers National Banc Corp. 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).

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