Farmers National Banc (NASDAQ:FMNB) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Farmers National Banc Corp. (NASDAQ:FMNB) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.59 and traded as high as $14.63. Farmers National Banc shares last traded at $14.5730, with a volume of 362,941 shares changing hands.

Wall Street Analyst Weigh In

FMNB has been the topic of several research analyst reports. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. 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 report on Thursday, April 23rd. Wall Street Zen raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50 day moving average price of $14.00 and a 200-day moving average price of $13.59. The stock has a market capitalization of $863.01 million, a price-to-earnings ratio of 10.05 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $56.26 million for 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%. On average, analysts forecast that Farmers National Banc Corp. will post 1.62 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. Farmers National Banc’s payout ratio is currently 46.90%.

Institutional Trading of Farmers National Banc

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Farmers National Banc by 6.4% in the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after acquiring an additional 920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after acquiring an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Farmers National Banc by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after acquiring an additional 940 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Farmers National Banc by 2.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Farmers National Banc by 12.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after acquiring an additional 1,083 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

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.