Farmers National Banc Corp. (FMNB) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Farmers National Banc Corp. (NASDAQ:FMNB) from a buy rating to a hold rating in a research note released on Monday morning.

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. “

Separately, Sandler O’Neill cut Farmers National Banc Corp. from a buy rating to a hold rating in a report on Friday.

Farmers National Banc Corp. (NASDAQ:FMNB) opened at 10.55 on Monday. The company’s 50-day moving average price is $10.09 and its 200 day moving average price is $9.35. The company has a market capitalization of $285.35 million, a price-to-earnings ratio of 19.01 and a beta of 0.24. Farmers National Banc Corp. has a 52 week low of $7.60 and a 52 week high of $11.82.

Farmers National Banc Corp. (NASDAQ:FMNB) last released its earnings results on Wednesday, July 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Farmers National Banc Corp. had a return on equity of 8.10% and a net margin of 16.63%. On average, analysts predict that Farmers National Banc Corp. will post $0.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, September 7th. Farmers National Banc Corp.’s payout ratio is 28.57%.

Farmers National Banc Corp. Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank), Farmers Trust Company (Farmers Trust) and National Associates, Inc (NAI). The Company’s segments include the Bank, Trust and Retirement Consulting.

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