Farmers National Banc (NASDAQ:FMNB) Given New $16.00 Price Target at Piper Sandler

Farmers National Banc (NASDAQ:FMNB) had its price objective lowered by Piper Sandler from $17.00 to $16.00 in a research note published on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the bank’s stock.

Separately, StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $13.73 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $516.11 million, a price-to-earnings ratio of 11.25 and a beta of 0.86. The stock’s 50-day moving average is $14.39 and its two-hundred day moving average is $14.66. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts forecast that Farmers National Banc will post 1.44 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.95%. Farmers National Banc’s dividend payout ratio is currently 55.74%.

Insider Buying and Selling at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the sale, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its position in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after acquiring an additional 997 shares during the last quarter. SG Americas Securities LLC purchased a new position in Farmers National Banc during the 3rd quarter worth $214,000. Creative Planning increased its stake in Farmers National Banc by 46.0% in the third quarter. Creative Planning now owns 36,306 shares of the bank’s stock valued at $549,000 after purchasing an additional 11,447 shares during the period. Twelve Points Wealth Management LLC raised its holdings in shares of Farmers National Banc by 8.0% in the third quarter. Twelve Points Wealth Management LLC now owns 58,614 shares of the bank’s stock valued at $886,000 after buying an additional 4,345 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. boosted its stake in shares of Farmers National Banc by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock worth $2,157,000 after buying an additional 3,000 shares during the period. 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.