Farmers National Banc Corp. (NASDAQ:FMNB – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.54 and traded as high as $14.17. Farmers National Banc shares last traded at $13.82, with a volume of 371,108 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Wall Street Zen raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Piper Sandler raised their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.
Check Out Our Latest Report on Farmers National Banc
Farmers National Banc Price Performance
Farmers National Banc (NASDAQ:FMNB – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $56.26 million during the quarter, compared to analyst estimates of $55.30 million. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%. As a group, equities analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current year.
Farmers National Banc Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a yield of 4.8%. Farmers National Banc’s payout ratio is presently 46.90%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co purchased a new position in Farmers National Banc during the fourth quarter valued at $30,000. Godfrey Financial Associates Inc. purchased a new position in Farmers National Banc during the fourth quarter valued at $37,000. Parallel Advisors LLC raised its stake in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after buying an additional 1,288 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after buying an additional 3,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in 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 valued at $62,000 after buying an additional 1,487 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.
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.
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