Farmers National Banc (NASDAQ:FMNB) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

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)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

Farmers National Banc Trading Up 0.4%

The stock has a market cap of $505.99 million, a price-to-earnings ratio of 10.04 and a beta of 0.81. The business's fifty day simple moving average is $13.57 and its 200 day simple moving average is $13.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $47.04 million during the quarter, compared to the consensus estimate of $46.55 million. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.11%. On average, research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Friday, June 13th. Farmers National Banc's dividend payout ratio (DPR) is 50.75%.

Hedge Funds Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently modified their holdings of FMNB. Teacher Retirement System of Texas boosted its holdings in shares of Farmers National Banc by 51.4% during the fourth quarter. Teacher Retirement System of Texas now owns 48,299 shares of the bank's stock valued at $687,000 after acquiring an additional 16,391 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Farmers National Banc during the fourth quarter valued at $95,000. LPL Financial LLC boosted its holdings in shares of Farmers National Banc by 454.0% during the fourth quarter. LPL Financial LLC now owns 146,615 shares of the bank's stock valued at $2,085,000 after acquiring an additional 120,150 shares during the period. Vanguard Group Inc. lifted its holdings in Farmers National Banc by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank's stock worth $28,991,000 after purchasing an additional 88,392 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Farmers National Banc by 100.5% in the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank's stock worth $2,170,000 after purchasing an additional 76,496 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.

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.