Farmers National Banc Corp (NASDAQ:FMNB) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Zacks has also assigned Farmers National Banc an industry rank of 90 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on FMNB. ValuEngine upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, January 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price target on shares of Farmers National Banc in a research report on Friday, December 22nd. Finally, BidaskClub lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Farmers National Banc in the 3rd quarter worth $298,000. Dimensional Fund Advisors LP raised its stake in shares of Farmers National Banc by 22.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock worth $6,165,000 after buying an additional 75,463 shares in the last quarter. State Street Corp raised its stake in shares of Farmers National Banc by 10.8% in the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock worth $6,638,000 after buying an additional 44,733 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Farmers National Banc by 30.3% in the 4th quarter. Bowling Portfolio Management LLC now owns 121,977 shares of the bank’s stock worth $1,799,000 after buying an additional 28,394 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Farmers National Banc by 10.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 118,836 shares of the bank’s stock worth $1,788,000 after buying an additional 11,700 shares in the last quarter. 35.44% of the stock is currently owned by institutional investors.
Farmers National Banc (NASDAQ FMNB) opened at $14.50 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.86 and a current ratio of 0.86. Farmers National Banc has a 12-month low of $12.65 and a 12-month high of $15.95. The stock has a market capitalization of $400.77, a price-to-earnings ratio of 15.99 and a beta of 0.43.
Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Farmers National Banc had a return on equity of 10.72% and a net margin of 21.72%. The company had revenue of $25.12 million during the quarter, compared to analyst estimates of $25.90 million. sell-side analysts expect that Farmers National Banc will post 1.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, March 8th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.06. Farmers National Banc’s payout ratio is currently 33.74%.
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About Farmers National Banc
Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).
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