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

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

Several other research analysts have also weighed in on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. 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. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Farmers National Banc Stock Up 2.2 %

NASDAQ FMNB opened at $15.78 on Thursday. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a market capitalization of $593.17 million, a P/E ratio of 12.83 and a beta of 0.83. The company’s 50 day simple moving average is $14.82 and its 200 day simple moving average is $13.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share 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%. Equities research analysts expect that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company 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. This represents a $0.68 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

Insider Transactions at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after purchasing an additional 44,349 shares in the last quarter. Barclays PLC increased its stake in shares of Farmers National Banc by 330.9% in the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after buying an additional 42,951 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Farmers National Banc by 93.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after buying an additional 40,367 shares during the last quarter. State Street Corp lifted its position in Farmers National Banc by 3.5% during the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock worth $12,844,000 after buying an additional 28,499 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Farmers National Banc during the 3rd quarter worth about $311,000. 38.72% of the stock is owned by institutional investors.

About Farmers National Banc

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.