Keefe, Bruyette & Woods Reiterates “Buy” Rating for Farmers National Banc Corp. (FMNB)
Farmers National Banc Corp. (NASDAQ:FMNB)‘s stock had its “buy” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They presently have a $16.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 2.89% from the company’s current price.
Separately, BidaskClub downgraded shares of Farmers National Banc Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th.
Shares of Farmers National Banc Corp. (FMNB) opened at 15.55 on Tuesday. The firm’s 50-day moving average is $13.93 and its 200 day moving average is $14.02. Farmers National Banc Corp. has a 52-week low of $9.98 and a 52-week high of $15.85. The company has a market capitalization of $421.06 million, a price-to-earnings ratio of 19.10 and a beta of 0.46.
Farmers National Banc Corp. (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.80 million. Farmers National Banc Corp. had a return on equity of 10.25% and a net margin of 22.19%. On average, equities research analysts anticipate that Farmers National Banc Corp. will post $0.89 earnings per share for the current year.
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In other Farmers National Banc Corp. news, insider Mark J. Wenick bought 2,200 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average cost of $14.10 per share, for a total transaction of $31,020.00. Following the purchase, the insider now directly owns 8,690 shares of the company’s stock, valued at approximately $122,529. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 4,780 shares of company stock worth $66,698 over the last ninety days. Insiders own 7.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in shares of Farmers National Banc Corp. during the 2nd quarter worth $141,000. Cetera Investment Advisers bought a new stake in shares of Farmers National Banc Corp. during the 2nd quarter worth $165,000. Prudential Financial Inc. raised its stake in shares of Farmers National Banc Corp. by 0.9% during the 1st quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock worth $169,000 after purchasing an additional 100 shares during the period. Menta Capital LLC bought a new stake in shares of Farmers National Banc Corp. during the 1st quarter worth $174,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Farmers National Banc Corp. by 206.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,114 shares of the bank’s stock worth $188,000 after purchasing an additional 8,836 shares during the period. Institutional investors own 34.34% of the company’s stock.
Farmers National Banc Corp. Company Profile
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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