Farmers National Banc (NASDAQ:FMNB) Hits New 12-Month High - Should You Buy?

Key Points

• Farmers National Banc reached a new 52-week high of $16.18 and was recently trading near $16.17, above its 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating with an average price target of $16.00, despite one recent upgrade to “Buy.”
• The bank exceeded quarterly earnings expectations, reporting EPS of $0.41 versus the $0.34 consensus, and pays a quarterly dividend of $0.17 per share, representing a 4.2% yield.

Shares of Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $16.18 and last traded at $16.17, with a volume of 129675 shares trading hands. The stock had previously closed at $16.06.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Farmers National Banc from a "hold" rating to a "buy" rating in a report on Monday. Finally, Weiss Ratings raised shares of Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.00.

Farmers National Banc Trading Up 0.4%

The company has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $13.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $955.70 million, a P/E ratio of 10.97 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The firm had revenue of $70.44 million during the quarter, compared to analysts' expectations of $70.10 million. On average, sell-side analysts expect that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, June 12th. Farmers National Banc's payout ratio is 46.26%.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark J. Wenick sold 5,000 shares of Farmers National Banc stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the transaction, the executive vice president directly owned 32,020 shares in the company, valued at approximately $511,359.40. The trade was a 13.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Farmers National Banc by 13.5% in the 2nd quarter. BlackRock Inc. now owns 4,798,011 shares of the bank's stock valued at $70,051,000 after acquiring an additional 569,057 shares in the last quarter. Vanguard Group Inc. increased its holdings in Farmers National Banc by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank's stock worth $30,655,000 after purchasing an additional 52,854 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Farmers National Banc by 24.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank's stock worth $20,264,000 after purchasing an additional 302,397 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Farmers National Banc by 17.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank's stock valued at $6,187,000 after purchasing an additional 68,445 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Farmers National Banc by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 419,077 shares of the bank's stock valued at $5,779,000 after purchasing an additional 2,880 shares during the period. Institutional investors own 38.72% of the company's stock.

Farmers National Banc Company Profile

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.

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