Farmers National Banc (NASDAQ:FMNB) Shares Pass Above Two Hundred Day Moving Average - Here's Why

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%.

Shares of Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reaffirmed 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 Stock Up 0.7%

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 firm's 50 day moving average is $13.63 and its two-hundred day moving average is $13.47. The firm has a market capitalization of $510.13 million, a P/E ratio of 10.12 and a beta of 0.86.

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. Farmers National Banc had a net margin of 18.19% and a return on equity of 12.11%. The firm had revenue of $47.04 million during the quarter, compared to analysts' expectations of $46.55 million. 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 announced 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.0%. Farmers National Banc's dividend payout ratio (DPR) is currently 50.75%.

Institutional Investors Weigh In On Farmers National Banc

A number of hedge funds and other institutional investors have recently modified their holdings of FMNB. KLP Kapitalforvaltning AS acquired a new stake in shares of Farmers National Banc during the fourth quarter worth $95,000. LPL Financial LLC lifted 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 worth $2,085,000 after buying an additional 120,150 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $28,991,000 after purchasing an additional 88,392 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Farmers National Banc by 100.5% in the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank's stock valued at $2,170,000 after purchasing an additional 76,496 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Farmers National Banc by 21.0% in the fourth quarter. Wells Fargo & Company MN now owns 25,386 shares of the bank's stock valued at $361,000 after purchasing an additional 4,404 shares in the last quarter. Institutional investors and hedge funds 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.