StockNews.com Upgrades Farmers National Banc (NASDAQ:FMNB) to “Hold”

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Separately, Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st.

Farmers National Banc Price Performance

Shares of FMNB stock opened at $14.54 on Thursday. The firm has a market cap of $546.53 million, a price-to-earnings ratio of 11.82 and a beta of 0.86. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $15.09 and a 200 day moving average price of $14.37.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Research analysts expect that Farmers National Banc will post 1.23 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.28%.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors have recently added to or reduced their stakes in FMNB. Barclays PLC raised its stake in shares of Farmers National Banc by 330.9% in the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after purchasing an additional 42,951 shares during the period. Geode Capital Management LLC grew its holdings in shares of Farmers National Banc by 5.5% during the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after buying an additional 44,349 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in Farmers National Banc in the 3rd quarter valued at approximately $148,000. State Street Corp lifted its stake in Farmers National Banc by 3.5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after acquiring an additional 28,499 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Farmers National Banc during the 3rd quarter worth approximately $157,000. 38.72% of the stock is owned by institutional investors.

Farmers National Banc Company Profile

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.