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

Key Points

• Farmers National Banc Corp. stock price has recently surpassed its 200-day moving average at $13.47, reaching a high of $13.50 during trading.
• Raymond James Financial adjusted its price target for Farmers National Banc shares to $15.00, down from a previous target of $17.00, while maintaining an "outperform" rating.
• The company has a dividend yield of 5.1% after declaring a quarterly dividend of $0.17 per share, with a payout ratio of 50.75%.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.47 and traded as high as $13.50. Farmers National Banc shares last traded at $13.35, with a volume of 62,477 shares traded.

Analyst Ratings Changes

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

Farmers National Banc Price Performance

The stock has a market cap of $502.23 million, a PE ratio of 9.96 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day moving average of $13.62 and a 200 day moving average of $13.47.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.37 earnings per share (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 firm had revenue of $47.04 million for the quarter, compared to analysts' expectations of $46.55 million. Sell-side analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, June 13th. This represents a $0.68 annualized dividend and a yield of 5.1%. Farmers National Banc's dividend payout ratio is presently 50.75%.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in Farmers National Banc by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank's stock valued at $372,000 after buying an additional 1,130 shares in the last quarter. CWM LLC raised its stake in Farmers National Banc by 158.8% during the second quarter. CWM LLC now owns 5,267 shares of the bank's stock valued at $73,000 after buying an additional 3,232 shares in the last quarter. Inspire Investing LLC raised its position in shares of Farmers National Banc by 7.7% during the 2nd quarter. Inspire Investing LLC now owns 28,294 shares of the bank's stock worth $390,000 after purchasing an additional 2,035 shares during the period. Twelve Points Wealth Management LLC raised its position in shares of Farmers National Banc by 4.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 77,104 shares of the bank's stock worth $1,063,000 after purchasing an additional 3,266 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Farmers National Banc during the 1st quarter worth approximately $830,000. 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.

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