Farmers National Banc (NASDAQ:FMNB) Stock Price Passes Above 200-Day Moving Average of $14.35

Farmers National Banc Corp. (NASDAQ:FMNB) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.35 and traded as high as $17.03. Farmers National Banc shares last traded at $16.61, with a volume of 56,251 shares traded.

FMNB has been the subject of several research reports. Zacks Investment Research raised shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, April 6th. Piper Sandler raised shares of Farmers National Banc from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $15.00 to $16.50 in a report on Tuesday, March 9th. Finally, Raymond James increased their price target on shares of Farmers National Banc from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, March 22nd. Four equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $18.17.

The stock’s fifty day moving average is $16.55 and its 200-day moving average is $14.37. The stock has a market capitalization of $463.97 million, a PE ratio of 11.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.92.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Tuesday, April 27th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.14. Farmers National Banc had a net margin of 28.05% and a return on equity of 13.01%. On average, analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 12th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, March 11th. Farmers National Banc’s payout ratio is 34.11%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Panagora Asset Management Inc. lifted its holdings in Farmers National Banc by 54.1% during the first quarter. Panagora Asset Management Inc. now owns 127,186 shares of the bank’s stock valued at $2,124,000 after purchasing an additional 44,646 shares in the last quarter. UBS Group AG lifted its holdings in Farmers National Banc by 33.8% during the first quarter. UBS Group AG now owns 5,663 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,429 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Farmers National Banc by 5.5% during the first quarter. Pacific Ridge Capital Partners LLC now owns 368,136 shares of the bank’s stock valued at $6,148,000 after purchasing an additional 19,141 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Farmers National Banc during the first quarter valued at $164,000. Finally, BlackRock Inc. raised its position in shares of Farmers National Banc by 13.7% in the first quarter. BlackRock Inc. now owns 1,787,109 shares of the bank’s stock valued at $29,845,000 after buying an additional 214,800 shares during the last quarter. 38.30% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Company Profile (NASDAQ:FMNB)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

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