Farmers National Banc (NASDAQ:FMNB) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Shares of Farmers National Banc recently crossed above its 200-day moving average (200‑day MA $13.43), trading as high as $14.14 and last at $13.96 on volume of about 306,017, a short-term technical bullish signal.
• Brokerages have upgraded their views, leaving a consensus Hold rating with an average price target of $16.00 (Piper Sandler raised its target to $16).
• Fundamental support includes an earnings beat (Q1 EPS $0.45 vs. $0.37) and notable insider buying—Director Edward Muransky purchased 40,000 shares at $12.74—suggesting insider confidence alongside increased institutional ownership.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.43 and traded as high as $14.14. Farmers National Banc shares last traded at $13.96, with a volume of 306,017 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on FMNB. Zacks Research raised Farmers National Banc from a "strong sell" rating to a "hold" rating in a research note on Friday, April 3rd. Weiss Ratings upgraded Farmers National Banc from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Piper Sandler raised their price target on Farmers National Banc from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.00.

Farmers National Banc Trading Down 1.8%

The business's fifty day moving average price is $13.29 and its 200 day moving average price is $13.43. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $526.84 million, a PE ratio of 9.63 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 13.95%. The business had revenue of $56.26 million for the quarter, compared to the consensus estimate of $55.30 million. As a group, analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Farmers National Banc news, Director Edward Muransky purchased 40,000 shares of Farmers National Banc stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $12.74 per share, with a total value of $509,600.00. Following the purchase, the director directly owned 196,020 shares in the company, valued at $2,497,294.80. This trade represents a 25.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 41,672 shares of company stock valued at $530,974. Insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Farmers National Banc

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in Farmers National Banc during the first quarter worth about $251,000. Hsbc Holdings PLC grew its holdings in Farmers National Banc by 51.5% in the 1st quarter. Hsbc Holdings PLC now owns 40,714 shares of the bank's stock valued at $536,000 after buying an additional 13,835 shares during the period. Staley Capital Advisers Inc. increased its stake in shares of Farmers National Banc by 42.8% during the 1st quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank's stock valued at $3,293,000 after acquiring an additional 75,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Farmers National Banc during the 1st quarter valued at about $1,426,000. Finally, Inspire Investing LLC lifted its holdings in shares of Farmers National Banc by 11.0% during the 1st quarter. Inspire Investing LLC now owns 38,926 shares of the bank's stock worth $512,000 after acquiring an additional 3,864 shares during the period. 38.72% of the stock is currently owned by institutional investors and hedge funds.

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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