A number of other equities analysts have also weighed in on FMNB. Raymond James boosted their price target on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.67.
Get Our Latest Report on FMNB
Shares of Farmers National Banc stock traded up $0.09 during mid-day trading on Thursday, reaching $15.34. 75,406 shares of the stock traded hands, compared to its average volume of 94,260. The stock has a market capitalization of $576.02 million, a PE ratio of 10.58 and a beta of 0.82. The business has a 50-day moving average of $14.80 and a 200 day moving average of $13.50. Farmers National Banc has a fifty-two week low of $10.38 and a fifty-two week high of $16.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. On average, analysts predict that Farmers National Banc will post 1.36 EPS for the current year.
In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares of the company's stock, valued at approximately $529,230. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Wenick sold 2,000 shares of the firm's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the sale, the executive vice president now directly owns 27,116 shares of the company's stock, valued at $430,602.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in FMNB. Farmers Trust Co. raised its position in Farmers National Banc by 5.0% in the third quarter. Farmers Trust Co. now owns 416,520 shares of the bank's stock valued at $6,298,000 after purchasing an additional 19,778 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Farmers National Banc in the 1st quarter valued at $248,000. Busey Bank acquired a new position in Farmers National Banc during the 2nd quarter worth about $224,000. SG Americas Securities LLC acquired a new position in Farmers National Banc during the 3rd quarter worth about $214,000. Finally, Bank of New York Mellon Corp boosted its holdings in Farmers National Banc by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank's stock valued at $2,834,000 after acquiring an additional 12,160 shares during the period. Hedge funds and other institutional investors own 38.72% of the company's stock.
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.
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