Piper Sandler Cuts Farmers National Banc (NASDAQ:FMNB) Price Target to $14.00

Farmers National Banc (NASDAQ:FMNB) had its target price trimmed by Piper Sandler from $16.00 to $14.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.50.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $12.98 on Thursday. The company has a market capitalization of $488.70 million, a price-to-earnings ratio of 8.95 and a beta of 0.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. Farmers National Banc has a 12 month low of $11.58 and a 12 month high of $15.50. The stock’s 50 day moving average is $13.66 and its 200-day moving average is $13.89.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). The business had revenue of $49.89 million during the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. Equities research analysts expect that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, February 13th. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Institutional Investors Weigh In On Farmers National Banc

A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in shares of Farmers National Banc by 9,065.7% in the 3rd 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 period. Tower Research Capital LLC TRC raised its stake in Farmers National Banc by 49.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares during the period. State of Alaska Department of Revenue boosted its holdings in Farmers National Banc by 220.1% in the fourth quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after acquiring an additional 3,319 shares in the last quarter. CWM LLC grew its stake in Farmers National Banc by 158.8% in the second quarter. CWM LLC now owns 5,267 shares of the bank’s stock valued at $73,000 after acquiring an additional 3,232 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Farmers National Banc by 67.3% in the third quarter. New York State Common Retirement Fund now owns 7,707 shares of the bank’s stock valued at $111,000 after acquiring an additional 3,100 shares during the period. 38.72% of the stock is currently 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.