Farmers National Banc (NASDAQ:FMNB) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Farmers National Banc Corp. (NASDAQ:FMNB)’s share price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $15.47 and traded as low as $15.39. Farmers National Banc shares last traded at $15.46, with a volume of 211,846 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FMNB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Farmers National Banc in a research note on Monday, October 26th. Piper Sandler boosted their price target on shares of Farmers National Banc from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Raymond James Financial downgraded shares of Farmers National Banc from an “outperform” rating to a “market perform” rating in a report on Monday, November 2nd. Finally, Wall Street Zen lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average target price of $17.00.

Farmers National Banc Price Performance

The firm’s 50-day moving average is $15.47 and its two-hundred day moving average is $14.48. The company has a market cap of $916.11 million, a P/E ratio of 11.12 and a beta of 0.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Farmers National Banc had a net margin of 19.60% and a return on equity of 12.73%. The company had revenue of $65.87 million for the quarter, compared to the consensus estimate of $70.75 million. Analysts anticipate that Farmers National Banc Corp. will post 1.75 earnings per share for the current year.

Farmers National Banc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were issued a $0.18 dividend. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%. Farmers National Banc’s payout ratio is presently 51.80%.

Institutional Trading of Farmers National Banc

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new position in shares of Farmers National Banc in the 2nd quarter valued at about $25,000. Parallel Advisors LLC grew its position in Farmers National Banc by 86.1% in the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares in the last quarter. Versant Capital Management Inc increased its stake in Farmers National Banc by 105.6% during the third quarter. Versant Capital Management Inc now owns 3,857 shares of the bank’s stock worth $58,000 after acquiring an additional 1,981 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Farmers National Banc by 8.8% during the third quarter. State of Alaska Department of Revenue now owns 9,058 shares of the bank’s stock worth $135,000 after acquiring an additional 731 shares during the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in Farmers National Banc during the first quarter worth approximately $163,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers National Banc

Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Its principal subsidiary, Farmers National Bank, provides banking services to individuals, businesses and organizations. The company offers deposit accounts, commercial and consumer lending, mortgage services and digital banking. Through affiliated businesses, it also provides trust and wealth management services, including fiduciary and investment services, as well as insurance products. Founded in 1887, Farmers National Banc serves communities in Ohio and Pennsylvania.