Farmers National Banc (NASDAQ:FMNB) Given "Outperform" Rating at Raymond James

Farmers National Banc (NASDAQ:FMNB - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Raymond James in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $15.00 target price on the bank's stock, down from their previous target price of $17.00. Raymond James' price objective points to a potential upside of 14.85% from the company's current price.

Separately, Piper Sandler reduced their price target on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded down $0.23 during mid-day trading on Monday, reaching $13.06. The company's stock had a trading volume of 63,612 shares, compared to its average volume of 91,082. The stock has a 50-day moving average of $13.16 and a two-hundred day moving average of $14.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $491.25 million, a P/E ratio of 10.70 and a beta of 0.77. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The company had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.10 million. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, equities research analysts anticipate that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gina A. Richardson acquired 2,334 shares of Farmers National Banc stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company's stock, valued at $136,070. This trade represents a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ralph D. Macali sold 14,300 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now owns 48,983 shares of the company's stock, valued at approximately $685,762. The trade was a 22.60 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its holdings in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after purchasing an additional 835 shares in the last quarter. R Squared Ltd acquired a new stake in Farmers National Banc during the 4th quarter worth $31,000. GAMMA Investing LLC lifted its position in Farmers National Banc by 1,852.1% in the first quarter. GAMMA Investing LLC now owns 2,362 shares of the bank's stock valued at $31,000 after acquiring an additional 2,241 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Farmers National Banc in the fourth quarter valued at $36,000. Finally, Huntington National Bank grew its holdings in shares of Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank's stock worth $49,000 after purchasing an additional 1,000 shares during 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.