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

Farmers National Banc (NASDAQ:FMNB)‘s stock had its “neutral” rating reissued by investment analysts at Piper Sandler in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $17.00 price target on the bank’s stock. Piper Sandler’s price target indicates a potential upside of 7.73% from the company’s previous close.

A number of other analysts have also issued reports on FMNB. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Raymond James lifted their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Farmers National Banc currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Farmers National Banc Stock Performance

FMNB stock opened at $15.78 on Thursday. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The firm has a market cap of $593.14 million, a price-to-earnings ratio of 12.83 and a beta of 0.83. The business’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $13.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly 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 company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. Analysts predict that Farmers National Banc will post 1.24 earnings per share for the current year.

Insider Activity at Farmers National Banc

In other Farmers National Banc 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 transaction of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares in the last quarter. FMR LLC boosted its position in shares of 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 purchasing an additional 835 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Farmers National Banc by 8.1% during the 2nd 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 increased its position in Farmers National Banc by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock valued at $357,000 after buying an additional 1,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 valued at $1,560,000 after buying an additional 2,241 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

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.