Farmers National Banc’s (FMNB) Neutral Rating Reaffirmed at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Farmers National Banc (NASDAQ:FMNB) in a research report released on Thursday, MarketBeat Ratings reports. They currently have a $17.00 price objective on the bank’s stock.

A number of other equities research analysts also recently weighed in on FMNB. Raymond James lifted their target price on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.67.

Farmers National Banc Stock Performance

Shares of FMNB opened at $15.78 on Thursday. The firm’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $13.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The firm has a market cap of $593.17 million, a P/E ratio of 12.83 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. On average, analysts forecast that Farmers National Banc will post 1.24 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.31%. Farmers National Banc’s payout ratio is currently 55.28%.

Insider Buying and Selling at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its position in Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the last quarter. EntryPoint Capital LLC bought a new position in Farmers National Banc during the first quarter valued at $73,000. BNP Paribas Financial Markets increased its position in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after buying an additional 829 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc in the first quarter valued at $140,000. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of Farmers National Banc during the 3rd quarter valued at $148,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

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.