Farmers National Banc (NASDAQ:FMNB) Given “Neutral” Rating at Piper Sandler

Farmers National Banc (NASDAQ:FMNB)‘s stock had its “neutral” rating reissued by Piper Sandler in a note issued to investors on Thursday,Benzinga reports. They currently have a $17.00 price objective on the bank’s stock. Piper Sandler’s price objective points to a potential upside of 12.21% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Raymond James increased their price objective on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Farmers National Banc currently has an average rating of “Hold” and an average target price of $16.67.

Farmers National Banc Stock Performance

Shares of FMNB opened at $15.15 on Thursday. The stock has a 50 day moving average price of $14.80 and a 200 day moving average price of $13.90. 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 company has a market capitalization of $569.49 million, a price-to-earnings ratio of 12.32 and a beta of 0.83. Farmers National Banc has a 52-week low of $11.55 and a 52-week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $42.90 million. Research analysts predict that Farmers National Banc will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 4.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by company insiders.

Institutional Trading of Farmers National Banc

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Farmers National Banc in the first quarter valued at about $73,000. BNP Paribas Financial Markets grew 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 purchasing an additional 829 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Farmers National Banc in the third quarter valued at about $148,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Farmers National Banc in the third quarter worth about $157,000. Institutional investors 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.