Farmers National Banc (NASDAQ:FMNB) Price Target Increased to $18.00 by Analysts at Raymond James

Farmers National Banc (NASDAQ:FMNB) had its target price increased by Raymond James from $16.00 to $18.00 in a report released on Thursday morning, Benzinga reports. Raymond James currently has an outperform rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research note on Thursday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Farmers National Banc presently has an average rating of Hold and a consensus price target of $15.67.

Farmers National Banc Trading Up 8.1 %

Shares of FMNB opened at $16.09 on Thursday. The firm’s 50-day moving average is $12.66 and its two-hundred day moving average is $12.95. Farmers National Banc has a twelve month low of $10.38 and a twelve month high of $16.29. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $604.18 million, a P/E ratio of 11.10 and a beta of 0.84.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $66.45 million for the quarter, compared to analyst estimates of $42.15 million. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. On average, research analysts predict that Farmers National Banc will post 1.32 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.17 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.23%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Institutional Trading of Farmers National Banc

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Farmers National Banc by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,014,145 shares of the bank’s stock valued at $23,284,000 after purchasing an additional 17,881 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Farmers National Banc by 26.4% during the fourth quarter. SG Americas Securities LLC now owns 20,552 shares of the bank’s stock worth $297,000 after buying an additional 4,293 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Farmers National Banc in the fourth quarter valued at approximately $382,000. Hunter Associates Investment Management LLC lifted its stake in shares of Farmers National Banc by 9.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock valued at $216,000 after buying an additional 1,282 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Farmers National Banc by 46.3% during the fourth quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock worth $243,000 after acquiring an additional 5,320 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.