Farmers National Banc (NASDAQ:FMNB) Stock Passes Above 200-Day Moving Average – What’s Next?

Farmers National Banc Corp. (NASDAQ:FMNB) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price target 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. Wall Street Zen upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and a consensus target price of $16.00.

Farmers National Banc Price Performance

The stock has a market cap of $818.42 million, a P/E ratio of 9.53 and a beta of 0.76. The firm has a 50-day moving average price of $13.84 and a 200-day moving average price of $13.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. The company had revenue of $56.26 million for the quarter, compared to the consensus estimate of $55.30 million. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%. On average, analysts forecast that Farmers National Banc Corp. will post 1.62 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. Farmers National Banc’s dividend payout ratio is presently 46.90%.

Hedge Funds Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently modified their holdings of FMNB. AQR Capital Management LLC lifted its holdings in shares of Farmers National Banc by 94.6% during the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock valued at $364,000 after buying an additional 13,548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after acquiring an additional 936 shares during the period. Empowered Funds LLC raised its holdings in Farmers National Banc by 50.3% during the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after acquiring an additional 12,735 shares during the period. Jane Street Group LLC purchased a new position in shares of Farmers National Banc during the first quarter valued at about $830,000. Finally, Legal & General Group Plc grew its position in shares of Farmers National Banc by 18.2% during the second quarter. Legal & General Group Plc now owns 36,462 shares of the bank’s stock valued at $503,000 after purchasing an additional 5,612 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Farmers National Banc Company Profile

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.