Farmers National Banc (NASDAQ:FMNB) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.87 and traded as high as $14.51. Farmers National Banc shares last traded at $14.39, with a volume of 275,399 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FMNB shares. Piper Sandler started coverage on shares of Farmers National Banc in a research note on Friday, November 21st. They issued a “neutral” rating and a $14.00 price objective on the stock. Zacks Research cut Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

Farmers National Banc Trading Up 2.9%

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $13.87. The firm has a market cap of $541.78 million, a PE ratio of 9.99 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.49%. The firm had revenue of $47.74 million during the quarter, compared to the consensus estimate of $48.00 million. As a group, sell-side analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, December 12th. Farmers National Banc’s dividend payout ratio is currently 47.22%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky bought 73,500 shares of Farmers National Banc stock in a transaction on Friday, October 24th. The stock was bought at an average price of $13.59 per share, with a total value of $998,865.00. Following the completion of the acquisition, the director owned 110,706 shares in the company, valued at $1,504,494.54. The trade was a 197.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

Several hedge funds and other institutional investors have recently made changes to their positions in FMNB. Mercer Global Advisors Inc. ADV purchased a new stake in Farmers National Banc during the third quarter worth about $147,000. Focus Partners Wealth acquired a new stake in shares of Farmers National Banc during the 3rd quarter valued at approximately $182,000. Creative Planning boosted its stake in shares of Farmers National Banc by 50.0% during the 3rd quarter. Creative Planning now owns 73,617 shares of the bank’s stock worth $1,061,000 after acquiring an additional 24,543 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Farmers National Banc by 42.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 220,076 shares of the bank’s stock worth $3,171,000 after acquiring an additional 65,569 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in Farmers National Banc in the 3rd quarter valued at approximately $161,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.