Farmers National Banc (NASDAQ:FMNB) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Farmers National Banc Corp. (NASDAQ:FMNB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.65 and traded as high as $14.36. Farmers National Banc shares last traded at $14.15, with a volume of 398,200 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on FMNB shares. Piper Sandler upped their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and an average target price of $16.00.

Farmers National Banc Stock Up 0.3%

The company has a market capitalization of $847.44 million, a P/E ratio of 9.87 and a beta of 0.77. The firm’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $13.66. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. The business had revenue of $56.26 million for the quarter, compared to analyst estimates of $55.30 million. Equities research analysts forecast that Farmers National Banc Corp. will post 1.62 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.8%. Farmers National Banc’s payout ratio is 46.90%.

Insider Activity at Farmers National Banc

In other news, Director Michael C. Voinovich sold 23,309 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co bought a new stake in shares of Farmers National Banc during the 4th quarter worth approximately $30,000. Godfrey Financial Associates Inc. bought a new position in shares of Farmers National Banc in the fourth quarter valued at $37,000. Parallel Advisors LLC increased its holdings in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after buying an additional 1,288 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after buying an additional 3,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after acquiring an additional 1,487 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.