Piper Sandler Lowers Farmers National Banc (NASDAQ:FMNB) Price Target to $16.00

Farmers National Banc (NASDAQ:FMNB) had its target price decreased by equities researchers at Piper Sandler from $17.00 to $16.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 14.45% from the stock’s current price.

Separately, StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Farmers National Banc Stock Performance

NASDAQ FMNB opened at $13.98 on Monday. The stock has a market capitalization of $525.51 million, a price-to-earnings ratio of 11.46 and a beta of 0.86. The stock has a 50-day moving average of $14.35 and a 200 day moving average of $14.65. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Sell-side analysts anticipate that Farmers National Banc will post 1.44 EPS for the current fiscal year.

Insider Activity

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Farmers National Banc by 3.5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after purchasing an additional 28,499 shares during the last quarter. Geode Capital Management LLC lifted its position in Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after buying an additional 44,349 shares during the last quarter. Farmers Trust Co. boosted its stake in Farmers National Banc by 5.8% during the fourth quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock worth $6,267,000 after buying an additional 24,222 shares during the period. Bank of New York Mellon Corp increased its position in shares of Farmers National Banc by 59.2% during the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after acquiring an additional 117,384 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. raised its stake in shares of Farmers National Banc by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.