Farmers National Banc Corp. (FMNB) Given “Buy” Rating at Keefe, Bruyette & Woods
Farmers National Banc Corp. (NASDAQ:FMNB)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They currently have a $16.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 2.56% from the company’s current price.
FMNB has been the subject of a number of other reports. BidaskClub cut Farmers National Banc Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Farmers National Banc Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, June 13th.
Farmers National Banc Corp. (NASDAQ FMNB) traded up 0.65% during mid-day trading on Tuesday, hitting $15.60. The company had a trading volume of 44,965 shares. 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 $422.42 million, a P/E ratio of 19.16 and a beta of 0.46. The company has a 50-day moving average price of $13.88 and a 200 day moving average price of $14.01.
Farmers National Banc Corp. (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.25%. The firm had revenue of $24.43 million during the quarter, compared to analysts’ expectations of $24.80 million. On average, analysts forecast that Farmers National Banc Corp. will post $0.89 EPS for the current fiscal year.
In other Farmers National Banc Corp. news, insider Mark J. Wenick acquired 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $14.10 per share, for a total transaction of $31,020.00. Following the completion of the acquisition, the insider now owns 8,690 shares of the company’s stock, valued at approximately $122,529. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 4,390 shares of company stock valued at $60,696. Insiders own 7.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. purchased a new position in Farmers National Banc Corp. in the 2nd quarter valued at approximately $141,000. Cetera Investment Advisers acquired a new position in shares of Farmers National Banc Corp. in the second quarter worth $165,000. Prudential Financial Inc. grew its stake in shares of Farmers National Banc Corp. by 0.9% in the first quarter. Prudential Financial Inc. now owns 11,810 shares of the bank’s stock worth $169,000 after acquiring an additional 100 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of Farmers National Banc Corp. during the first quarter worth $174,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Farmers National Banc Corp. by 206.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 13,114 shares of the bank’s stock worth $188,000 after acquiring an additional 8,836 shares during the period. Institutional investors own 34.34% of the company’s stock.
About Farmers National Banc Corp.
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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