Farmers National Banc (NASDAQ:FMNB) Upgraded at StockNews.com

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

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

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB opened at $14.54 on Thursday. The business’s 50-day simple moving average is $15.09 and its 200-day simple moving average is $14.37. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. 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 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 (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, equities research analysts expect that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis 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 is presently 55.28%.

Institutional Trading of Farmers National Banc

Several institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of Farmers National Banc by 67.7% during the 3rd 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. BNP Paribas Financial Markets boosted its holdings in shares of Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in Farmers National Banc during the 3rd quarter worth approximately $148,000. PEAK6 Investments LLC acquired a new stake in Farmers National Banc during the 3rd quarter valued at $157,000. Finally, Cubist Systematic Strategies LLC raised its position in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after purchasing an additional 997 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

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.