Farmers National Banc (FMNB) Stock Price, News & Analysis

Company Overview

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. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, employee benefit plans, and retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities. The company was founded in 1887 and is headquartered in Canfield, Ohio.

Key Stats

• Today's Range: $15.15 to $15.46
• 50-Day Range: $13.69 to $15.98
• 52-Week Range: $11.55 to $16.32
• Volume: 9,949 shs
• Average Volume: 93,729 shs
• Market Capitalization: $581.14 million
• P/E Ratio: 12.57
• Dividend Yield: 4.40%
• Price Target: $16.67
• Consensus Rating: Hold

Farmers National Banc Stock Analysis - MarketRank™

Farmers National Banc scored higher than 79% of companies evaluated by MarketBeat, and ranked 290th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Farmers National Banc has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Farmers National Banc has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.32%

Earnings Growth

Earnings for Farmers National Banc are expected to grow by 15.32% in the coming year, from $1.24 to $1.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Farmers National Banc is 12.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Farmers National Banc is 12.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Farmers National Banc has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.74% of the outstanding shares of Farmers National Banc have been sold short.

Short Interest Ratio / Days to Cover

Farmers National Banc has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Farmers National Banc has recently decreased by 5.73%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Farmers National Banc is a leading dividend payer. It pays a dividend yield of 4.48%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Farmers National Banc does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Farmers National Banc is 55.28%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Farmers National Banc will have a dividend payout ratio of 47.55% next year. This indicates that Farmers National Banc will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.74% of the outstanding shares of Farmers National Banc have been sold short.

Short Interest Ratio / Days to Cover

Farmers National Banc has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Farmers National Banc has recently decreased by 5.73%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.08

News Sentiment

Farmers National Banc has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Farmers National Banc this week, compared to 1 article on an average week.

Search Interest

1 people have searched for FMNB on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Farmers National Banc to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Farmers National Banc insiders have sold 30.67% more of their company's stock than they have bought. Specifically, they have bought $20,651.00 in company stock and sold $26,985.00 in company stock.

Percentage Held by Insiders

Only 4.00% of the stock of Farmers National Banc is held by insiders.

Percentage Held by Institutions

Only 38.72% of the stock of Farmers National Banc is held by institutions.

FMNB Stock Analysis - Frequently Asked Questions

How have FMNB shares performed this year?

Farmers National Banc's stock was trading at $14.45 at the start of the year. Since then, FMNB shares have increased by 4.8% and is now trading at $15.15.
View the best growth stocks for 2024 here.

How were Farmers National Banc's earnings last quarter?

Farmers National Banc Corp. (NASDAQ:FMNB) announced its quarterly earnings data on Wednesday, October, 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by $0.12. The bank had revenue of $70.26 million for the quarter, compared to analysts' expectations of $42.90 million. Farmers National Banc had a net margin of 17.26% and a trailing twelve-month return on equity of 11.92%.

Who are Farmers National Banc's major shareholders?

Top institutional investors of Farmers National Banc include State Street Corp (2.26%), Geode Capital Management LLC (2.25%), The Manufacturers Life Insurance Company (1.12%) and Farmers Trust Co. (1.11%). Insiders that own company stock include Edward Muransky, Kevin J Helmick, Gregory C Bestic, Timothy Carney, David Z Paull, Amber B Wallace, Timothy F Shaffer, Ralph D Macali, Joseph W Sabat, Mark J Wenick, Neil J Kaback, Mark A Nicastro, Frank J Monaco, Gina A Richardson, Andre Thornton and Anne Frederick Crawford.
View institutional ownership trends.

How do I buy shares of Farmers National Banc?

Shares of FMNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Farmers National Banc own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Farmers National Banc investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), Tesla (TSLA), SPDR Dow Jones Industrial Average ETF Trust (DIA), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FMNB
• CUSIP: 30962710
• CIK: 709337
• Web: www.farmersbankgroup.com
• Phone: (330) 533-3341
• Fax: 330-533-0451
• Employees: 666
• Year Founded: 1887

Price Target and Rating

• Average Stock Price Target: $15.67
• High Stock Price Target: $18.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +3.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.23
• Trailing P/E Ratio: 12.32
• Forward P/E Ratio: 12.22
• P/E Growth: N/A
• Net Income: $49.93 million
• Net Margins: 17.26%
• Pretax Margin: 20.75%
• Return on Equity: 11.92%
• Return on Assets: 0.95%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 0.74
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $255.20 million
• Price / Sales: 2.23
• Cash Flow: $1.87 per share
• Price / Cash Flow: 8.12
• Book Value: $11.70 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 37,590,000
• Free Float: 36,084,000
• Market Cap: $569.49 million
• Optionable: Optionable
• Beta: 0.83