Farmers National Banc (NASDAQ:FMNB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $14.18 on Thursday. The stock has a market cap of $533.00 million, a price-to-earnings ratio of 11.53 and a beta of 0.86. Farmers National Banc has a 12-month low of $11.55 and a 12-month high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $14.34.

Farmers National Banc (NASDAQ:FMNB) last issued its 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). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. As a group, research analysts anticipate that Farmers National Banc will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, December 13th. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Institutional Trading of Farmers National Banc

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of 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 buying an additional 829 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after purchasing an additional 2,241 shares during the period. Cubist Systematic Strategies LLC increased its holdings 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 purchasing an additional 997 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Farmers National Banc by 93.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after purchasing an additional 40,367 shares during the period. Finally, Creative Planning lifted its holdings in shares of Farmers National Banc by 46.0% in the third quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after purchasing an additional 11,447 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

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.