Shares of Farmers National Banc Corp (NASDAQ:FMNB) have been given a consensus rating of "Hold" by the seven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.50.
A number of analysts have issued reports on the company. Piper Sandler reduced their price objective on Farmers National Banc from $12.50 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 29th. Boenning Scattergood assumed coverage on Farmers National Banc in a research note on Thursday, September 24th. They issued an "outperform" rating on the stock. Zacks Investment Research downgraded Farmers National Banc from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, BidaskClub downgraded Farmers National Banc from a "hold" rating to a "sell" rating in a research note on Friday, August 28th.
FMNB traded up $0.15 on Monday, hitting $11.68. 71 shares of the company's stock traded hands, compared to its average volume of 89,144. The company's 50 day simple moving average is $11.37 and its 200-day simple moving average is $11.46. The firm has a market cap of $324.92 million, a price-to-earnings ratio of 8.53 and a beta of 0.93. Farmers National Banc has a one year low of $9.82 and a one year high of $16.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.
Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.17. The company had revenue of $33.06 million for the quarter, compared to the consensus estimate of $29.87 million. Farmers National Banc had a return on equity of 12.96% and a net margin of 27.57%. As a group, equities analysts anticipate that Farmers National Banc will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, September 10th. Farmers National Banc's dividend payout ratio is currently 34.11%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Farmers National Banc by 233.4% during the 2nd quarter. Bank of Montreal Can now owns 2,954 shares of the bank's stock valued at $30,000 after purchasing an additional 2,068 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Farmers National Banc by 28.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,946 shares of the bank's stock valued at $92,000 after purchasing an additional 1,771 shares during the last quarter. Citigroup Inc. increased its position in shares of Farmers National Banc by 35.2% during the 1st quarter. Citigroup Inc. now owns 7,960 shares of the bank's stock valued at $93,000 after purchasing an additional 2,073 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Farmers National Banc during the 2nd quarter valued at approximately $136,000. Finally, Advisor Group Holdings Inc. bought a new position in shares of Farmers National Banc during the 1st quarter valued at approximately $137,000. 40.12% of the stock is currently owned by hedge funds and other institutional investors.
About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.
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