Farmers National Banc (NASDAQ:FMNB) Stock Price Up 5.5% - Should You Buy?

Key Points

• Farmers National Banc Corp. saw its stock price rise 5.5% to $14.20 during mid-day trading, with a total volume of approximately 73,975 shares exchanged.
• Raymond James Financial adjusted their price target for the bank's stock, setting it at $15.00, down from a previous target of $17.00, while maintaining an "outperform" rating.
• The bank reported a quarterly earnings per share of $0.37, matching analysts' expectations, with revenue of $47.04 million exceeding the consensus estimate.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report)'s share price rose 5.5% during mid-day trading on Monday . The company traded as high as $14.12 and last traded at $14.20. Approximately 73,975 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 91,494 shares. The stock had previously closed at $13.45.

Analyst Ratings Changes

Separately, Raymond James Financial reiterated 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 Stock Down 2.5%

The business's 50 day moving average is $13.61 and its 200-day moving average is $13.47. 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 company has a market cap of $496.40 million, a PE ratio of 9.84 and a beta of 0.81.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.37 earnings per share (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 company had revenue of $47.04 million during the quarter, compared to the consensus estimate of $46.55 million. As a group, analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, June 13th. Farmers National Banc's payout ratio is currently 50.75%.

Institutional Trading of Farmers National Banc

Several institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in Farmers National Banc by 105.1% in the 1st quarter. CWM LLC now owns 2,035 shares of the bank's stock valued at $27,000 after buying an additional 1,043 shares during the period. GAMMA Investing LLC increased its stake in Farmers National Banc by 1,852.1% in the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock valued at $31,000 after buying an additional 2,241 shares during the period. Aquatic Capital Management LLC acquired a new position in Farmers National Banc in the 4th quarter valued at $36,000. Huntington National Bank increased its stake in Farmers National Banc by 41.2% in the 4th 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 during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in 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.