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

Key Points

• Farmers National Banc's stock (NASDAQ:FMNB) recently crossed above its 200-day moving average of $13.44, trading as high as $13.48.
• Analysts from Raymond James Financial have set a new price target of $15.00 for the stock, down from $17.00, while reaffirming an "outperform" rating.
• The company reported a quarterly EPS of $0.37, matching analysts' expectations, with revenues of $47.04 million, surpassing the forecast of $46.55 million.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.44 and traded as high as $13.48. Farmers National Banc shares last traded at $13.45, with a volume of 78,957 shares changing hands.

Analysts Set New Price Targets

Separately, Raymond James Financial reiterated an "outperform" rating and set a $15.00 target price (down from $17.00) on shares of Farmers National Banc in a research report on Monday, April 21st.

Farmers National Banc Stock Down 1.5%

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $527.81 million, a P/E ratio of 10.48 and a beta of 0.81. The stock's 50-day moving average price is $13.59 and its two-hundred day moving average price is $13.46.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Farmers National Banc had a return on equity of 12.11% and a net margin of 18.19%. The business had revenue of $47.04 million for the quarter, compared to the consensus estimate of $46.55 million. As a group, research analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.85%. Farmers National Banc's dividend payout ratio is presently 50.75%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of Farmers National Banc by 105.1% during the 1st quarter. CWM LLC now owns 2,035 shares of the bank's stock worth $27,000 after purchasing an additional 1,043 shares during the last quarter. GAMMA Investing LLC boosted its stake in Farmers National Banc by 1,852.1% during the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock worth $31,000 after purchasing an additional 2,241 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Farmers National Banc during the 4th quarter valued at about $36,000. Huntington National Bank grew its stake in shares of Farmers National Banc by 41.2% in the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank's stock valued at $49,000 after buying an additional 1,000 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Farmers National Banc in the 4th quarter valued at $95,000. Hedge funds and other 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.