Farmers National Banc (NASDAQ:FMNB) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Farmers National Banc Corp. (NASDAQ:FMNB)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.45 and traded as high as $14.01. Farmers National Banc shares last traded at $13.95, with a volume of 264,698 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on FMNB. Wall Street Zen upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings upgraded shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Piper Sandler upped their price objective on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Farmers National Banc Stock Performance

The company has a market cap of $526.47 million, a PE ratio of 9.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.79. The stock’s 50-day simple moving average is $13.39 and its 200 day simple moving average is $13.45.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $56.26 million during the quarter, compared to the consensus estimate of $55.30 million. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. As a group, equities analysts anticipate that Farmers National Banc Corp. will post 1.62 EPS for the current year.

Insider Activity

In related news, Director Edward Muransky purchased 40,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the acquisition, the director directly owned 196,020 shares of the company’s stock, valued at $2,497,294.80. This trade represents a 25.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 41,672 shares of company stock valued at $530,974. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Large investors have recently made changes to their positions in the stock. Smithfield Trust Co purchased a new position in shares of Farmers National Banc in the 4th quarter valued at about $30,000. Godfrey Financial Associates Inc. purchased a new position in shares of Farmers National Banc in the 4th quarter valued at about $37,000. Parallel Advisors LLC increased its holdings in shares of Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 3,173 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,487 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

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.