Farmers National Banc (FMNB) Price Target Cut to $17.00 by Analysts at Raymond James

Farmers National Banc (NASDAQ:FMNB) had its price target decreased by analysts at Raymond James from $18.00 to $17.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the bank’s stock. Raymond James’ target price indicates a potential upside of 28.30% from the company’s current price.

Several other research firms have also recently weighed in on FMNB. Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. BidaskClub cut Farmers National Banc from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Finally, ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.00.

NASDAQ:FMNB opened at $13.25 on Friday. Farmers National Banc has a twelve month low of $12.80 and a twelve month high of $16.90. The stock has a market capitalization of $366.24 million, a price-to-earnings ratio of 11.94 and a beta of 0.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.87 and a current ratio of 0.87.



Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Farmers National Banc had a return on equity of 12.68% and a net margin of 25.71%. The firm had revenue of $26.40 million for the quarter, compared to analysts’ expectations of $26.80 million. As a group, research analysts expect that Farmers National Banc will post 1.14 earnings per share for the current fiscal year.

In other Farmers National Banc news, Director Edward Muransky purchased 4,000 shares of the stock in a transaction on Wednesday, August 29th. The shares were purchased at an average price of $15.86 per share, with a total value of $63,440.00. Following the acquisition, the director now directly owns 13,044 shares in the company, valued at approximately $206,877.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders acquired 5,095 shares of company stock worth $80,587. Insiders own 9.11% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van Hulzen Asset Management LLC raised its holdings in shares of Farmers National Banc by 23.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 24,268 shares of the bank’s stock valued at $387,000 after buying an additional 4,590 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Farmers National Banc by 10.3% during the 2nd quarter. Renaissance Technologies LLC now owns 208,500 shares of the bank’s stock valued at $3,326,000 after buying an additional 19,400 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Farmers National Banc by 12.8% during the 2nd quarter. Martingale Asset Management L P now owns 57,233 shares of the bank’s stock valued at $913,000 after buying an additional 6,500 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Farmers National Banc during the 2nd quarter valued at about $353,000. Finally, Farmers Trust Co. raised its holdings in shares of Farmers National Banc by 6.6% during the 3rd quarter. Farmers Trust Co. now owns 256,689 shares of the bank’s stock valued at $3,928,000 after buying an additional 15,859 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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