Farmers National Banc (NASDAQ:FMNB) released its earnings results on Wednesday. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.17, MarketWatch Earnings reports. Farmers National Banc had a return on equity of 13.31% and a net margin of 27.57%. The business had revenue of $33.06 million for the quarter, compared to analyst estimates of $29.87 million.
Shares of NASDAQ FMNB opened at $10.81 on Friday. The business’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $12.75. The company has a market cap of $316.14 million, a PE ratio of 7.96 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. Farmers National Banc has a twelve month low of $9.82 and a twelve month high of $16.50.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. BidaskClub lowered Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, July 9th. Raymond James raised Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Wednesday, June 17th. Finally, ValuEngine downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Friday, April 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.50.
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, MasterCard and Visa credit cards, brokerage, and other services.
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