Farmers National Banc (NASDAQ:FMNB) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of Farmers National Banc (NASDAQ:FMNB - Free Report) from a sell rating to a hold rating in a report issued on Thursday.

Separately, Piper Sandler restated a "neutral" rating and set a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st.

Farmers National Banc Stock Down 0.6 %

Shares of NASDAQ FMNB traded down $0.08 during mid-day trading on Thursday, hitting $14.18. The company had a trading volume of 70,212 shares, compared to its average volume of 93,188. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $533.00 million, a PE ratio of 11.53 and a beta of 0.86. The firm has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $14.34.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. On average, equities analysts expect that Farmers National Banc will post 1.23 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.80%. Farmers National Banc's dividend payout ratio (DPR) is presently 55.28%.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently modified their holdings of the company. State Street Corp increased its position in Farmers National Banc by 3.5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank's stock worth $12,844,000 after purchasing an additional 28,499 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Farmers National Banc by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock valued at $12,802,000 after acquiring an additional 44,349 shares during the period. Farmers Trust Co. lifted its holdings in shares of Farmers National Banc by 5.0% during the 3rd 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 in the last quarter. American Century Companies Inc. raised its position in Farmers National Banc by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank's stock valued at $3,757,000 after buying an additional 8,525 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Farmers National Banc by 5.7% in the second 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 last quarter. Institutional investors own 38.72% of the company's stock.

Farmers National Banc Company Profile

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.