Farmers National Banc’s (FMNB) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Farmers National Banc (NASDAQ:FMNB) in a research report sent to investors on Friday. They currently have a $17.00 price objective on the bank’s stock.

A number of other brokerages also recently weighed in on FMNB. ValuEngine downgraded Farmers National Banc from a buy rating to a hold rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded Farmers National Banc from a hold rating to a sell rating in a report on Monday, October 30th. Finally, BidaskClub downgraded Farmers National Banc from a hold rating to a sell rating in a report on Thursday, December 7th.

Shares of Farmers National Banc (NASDAQ:FMNB) opened at $14.95 on Friday. The firm has a market capitalization of $407.69, a P/E ratio of 18.01 and a beta of 0.42. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc has a 1-year low of $12.13 and a 1-year high of $15.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. Farmers National Banc’s dividend payout ratio is 28.92%.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Farmers National Banc by 5.6% in the first quarter. Vanguard Group Inc. now owns 919,691 shares of the bank’s stock worth $13,197,000 after purchasing an additional 48,719 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Farmers National Banc by 35.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 260,901 shares of the bank’s stock worth $3,743,000 after purchasing an additional 68,705 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Farmers National Banc by 3.9% in the 1st quarter. Bank of America Corp DE now owns 30,309 shares of the bank’s stock worth $435,000 after purchasing an additional 1,150 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Farmers National Banc in the 2nd quarter worth about $141,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Farmers National Banc by 38.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock worth $733,000 after purchasing an additional 14,000 shares in the last quarter. 34.49% of the stock is currently owned by institutional investors.

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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).

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