Farmers National Banc (NASDAQ:FMNB) Sets New 52-Week High – Should You Buy?

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.67 and last traded at $15.6680, with a volume of 67692 shares trading hands. The stock had previously closed at $15.35.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FMNB shares. Piper Sandler lifted their target price on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Zacks Research upgraded Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

Farmers National Banc Trading Up 3.2%

The company’s 50 day simple moving average is $14.41 and its 200-day simple moving average is $13.75. The firm has a market cap of $937.75 million, a P/E ratio of 10.76 and a beta of 0.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The firm had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $70.10 million. As a group, research analysts predict that Farmers National Banc Corp. will post 1.64 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio is 46.26%.

Insider Buying and Selling

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Smithfield Trust Co purchased a new position in Farmers National Banc in the 4th quarter worth about $30,000. Godfrey Financial Associates Inc. purchased a new stake in Farmers National Banc in the 4th quarter valued at about $37,000. Parallel Advisors LLC grew its stake in Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after acquiring an additional 3,173 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after acquiring an additional 1,487 shares during the period. 38.72% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.