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

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.68 and traded as high as $14.50. Farmers National Banc shares last traded at $14.31, with a volume of 98,435 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on FMNB. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research note on Saturday, September 27th. Zacks Research lowered shares of Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Farmers National Banc currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Farmers National Banc Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $538.77 million, a P/E ratio of 10.68 and a beta of 0.83. The business has a 50 day moving average of $14.43 and a 200-day moving average of $13.68.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 23rd. The bank reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%.The business had revenue of $47.04 million during the quarter, compared to the consensus estimate of $46.55 million. On average, sell-side analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.8%. Farmers National Banc’s dividend payout ratio is presently 50.75%.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its position in shares of Farmers National Banc by 105.1% during the 1st quarter. CWM LLC now owns 2,035 shares of the bank’s stock valued at $27,000 after buying an additional 1,043 shares in the last quarter. GAMMA Investing LLC raised its holdings in Farmers National Banc by 1,852.1% during the 1st quarter. GAMMA Investing LLC now owns 2,362 shares of the bank’s stock valued at $31,000 after buying an additional 2,241 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of 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 worth $62,000 after purchasing an additional 1,487 shares during the period. Raymond James Financial Inc. purchased a new stake in Farmers National Banc in the 2nd quarter worth approximately $128,000. Finally, Walleye Capital LLC purchased a new stake in Farmers National Banc in the second quarter worth $139,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

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.