Farmers National Banc (NASDAQ:FMNB) Hits New 12-Month High – Should You Buy?

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.18 and last traded at $16.17, with a volume of 129675 shares traded. The stock had previously closed at $16.06.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FMNB shares. Piper Sandler boosted their target price on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Farmers National Banc currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Stock Up 0.4%

The firm’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $13.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $955.70 million, a P/E ratio of 10.97 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%. As a group, research analysts expect that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.2%. Farmers National Banc’s dividend payout ratio is 46.26%.

Insider Buying and Selling

In other Farmers National Banc news, EVP Mark J. Wenick sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the transaction, the executive vice president owned 32,020 shares of the company’s stock, valued at $511,359.40. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The SEC filing for this sale provides additional information. 3.50% of the stock is owned by company insiders.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in Farmers National Banc during the first quarter worth $1,426,000. Staley Capital Advisers Inc. raised its position in shares of Farmers National Banc by 42.8% in the first quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank’s stock valued at $3,293,000 after purchasing an additional 75,000 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Farmers National Banc by 17.0% in the first quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock valued at $6,187,000 after purchasing an additional 68,445 shares during the period. Demming Financial Services Corp ADV acquired a new stake in shares of Farmers National Banc during the 1st quarter worth about $796,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Farmers National Banc during the 1st quarter worth about $2,954,000. 38.72% of the stock is owned by institutional investors.

About Farmers National Banc

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.