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

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.65 and traded as high as $14.36. Farmers National Banc shares last traded at $14.15, with a volume of 398,200 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on FMNB. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Wall Street Zen cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Piper Sandler increased their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

Farmers National Banc Stock Down 1.4%

The business has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $13.65. The company has a market capitalization of $837.96 million, a price-to-earnings ratio of 9.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.

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

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s payout ratio is currently 46.90%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Farmers National Banc by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock worth $30,655,000 after buying an additional 52,854 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Farmers National Banc by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after acquiring an additional 302,397 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Farmers National Banc by 17.0% in the first quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock worth $6,187,000 after acquiring an additional 68,445 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Farmers National Banc by 11.8% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 374,090 shares of the bank’s stock worth $4,983,000 after acquiring an additional 39,539 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Farmers National Banc by 21.9% during the first quarter. Bank of New York Mellon Corp now owns 337,929 shares of the bank’s stock worth $4,447,000 after acquiring an additional 60,820 shares during the period. Institutional investors and hedge funds 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.