Farmers National Banc (NASDAQ:FMNB) Receives Neutral Rating from Piper Sandler

Piper Sandler restated their neutral rating on shares of Farmers National Banc (NASDAQ:FMNB) in a report published on Thursday, Marketbeat reports. Piper Sandler currently has a $17.00 target price on the bank’s stock.

FMNB has been the subject of several other reports. Raymond James raised their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.67.

Farmers National Banc Trading Up 0.9 %

Shares of Farmers National Banc stock traded up $0.14 during trading on Thursday, hitting $15.58. The stock had a trading volume of 14,313 shares, compared to its average volume of 93,628. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $585.62 million, a PE ratio of 12.55 and a beta of 0.83. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The stock has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $13.91.

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

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.36%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

Insider Transactions at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after purchasing an additional 829 shares during the last quarter. FMR LLC increased its position in Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after buying an additional 835 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after buying an additional 997 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after acquiring an additional 1,625 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Farmers National Banc by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after acquiring an additional 2,241 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

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.