Farmers National Banc (NASDAQ:FMNB) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Farmers National Banc Corp. (NASDAQ:FMNB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.43 and traded as high as $14.14. Farmers National Banc shares last traded at $13.96, with a volume of 306,017 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings upgraded Farmers National Banc from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Piper Sandler increased their target price on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

Farmers National Banc Price Performance

The stock has a market cap of $526.84 million, a PE ratio of 9.63 and a beta of 0.77. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $13.29 and its 200 day moving average is $13.43.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 13.95%. The company had revenue of $56.26 million during the quarter, compared to the consensus estimate of $55.30 million. As a group, sell-side analysts anticipate that Farmers National Banc Corp. will post 1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Farmers National Banc news, Director Edward Muransky purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $12.74 per share, with a total value of $509,600.00. Following the transaction, the director owned 196,020 shares in the company, valued at approximately $2,497,294.80. This trade represents a 25.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have acquired 41,672 shares of company stock worth $530,974. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Farmers National Banc by 6.4% in the first quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock worth $200,000 after buying an additional 920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after buying an additional 936 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Farmers National Banc by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after acquiring an additional 940 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Farmers National Banc by 2.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock worth $131,000 after acquiring an additional 1,083 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 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.