Farmers National Banc Corp (NASDAQ:FMNB)’s share price reached a new 52-week high on Friday . The stock traded as high as $16.90 and last traded at $16.75, with a volume of 31500 shares changing hands. The stock had previously closed at $16.30.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. BidaskClub upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. Raymond James upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 price target on shares of Farmers National Banc in a report on Thursday, April 19th. Finally, Sandler O’Neill restated a “hold” rating and issued a $15.00 price target on shares of Farmers National Banc in a report on Tuesday, March 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Get Farmers National Banc alerts:The firm has a market capitalization of $462.99 million, a PE ratio of 18.61 and a beta of 0.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.86 and a quick ratio of 0.86.
Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 18th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Farmers National Banc had a return on equity of 12.05% and a net margin of 24.60%. The company had revenue of $25.87 million during the quarter, compared to the consensus estimate of $25.90 million. equities analysts forecast that Farmers National Banc Corp will post 1.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 8th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.67%. Farmers National Banc’s dividend payout ratio (DPR) is currently 31.11%.
Institutional investors have recently made changes to their positions in the business. Trexquant Investment LP bought a new stake in shares of Farmers National Banc in the first quarter worth about $148,000. ZPR Investment Management bought a new position in shares of Farmers National Banc during the first quarter worth about $152,000. MetLife Investment Advisors LLC bought a new position in shares of Farmers National Banc during the fourth quarter worth about $198,000. Stone Ridge Asset Management LLC bought a new position in shares of Farmers National Banc during the fourth quarter worth about $205,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Farmers National Banc during the fourth quarter worth about $214,000. Institutional investors own 35.35% of the company’s stock.
About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.
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