Farmers National Banc’s (FMNB) “Outperform” Rating Reaffirmed at Raymond James

Farmers National Banc (NASDAQ:FMNB)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a research report issued to clients and investors on Monday,Benzinga reports. They presently 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 19.24% from the stock’s previous close.

Separately, Piper Sandler decreased their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.

Farmers National Banc Stock Down 0.9 %

Shares of Farmers National Banc stock traded down $0.12 during trading hours on Monday, hitting $12.58. 6,435 shares of the company’s stock traded hands, compared to its average volume of 90,740. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The stock has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $14.08. The company has a market cap of $473.20 million, a PE ratio of 10.33 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business 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%. Equities research analysts anticipate that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Insider Activity at Farmers National Banc

In related news, Director Gina A. Richardson bought 2,334 shares of Farmers National Banc stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, with a total value of $32,092.50. Following the completion of the acquisition, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. This trade represents a 30.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares in the company, valued at $685,762. This represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC boosted its stake in Farmers National Banc by 2.8% in the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock valued at $398,000 after buying an additional 776 shares in the last quarter. First Trust Advisors LP increased its position in Farmers National Banc by 3.5% in the 4th quarter. First Trust Advisors LP now owns 23,522 shares of the bank’s stock valued at $334,000 after acquiring an additional 789 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Farmers National Banc by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,716 shares of the bank’s stock worth $295,000 after acquiring an additional 815 shares during the last quarter. FMR LLC grew its stake in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Farmers National Banc by 41.2% in the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,000 shares in the last quarter. 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.