Piper Sandler Cuts Farmers National Banc (NASDAQ:FMNB) Price Target to $16.00

Farmers National Banc (NASDAQ:FMNB - Free Report) had its price target lowered by Piper Sandler from $17.00 to $16.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the bank's stock.

Separately, StockNews.com upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th.

Farmers National Banc Stock Down 0.4 %

NASDAQ:FMNB traded down $0.05 during trading hours on Monday, reaching $13.97. The company's stock had a trading volume of 57,126 shares, compared to its average volume of 73,472. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $525.10 million, a price-to-earnings ratio of 11.45 and a beta of 0.86. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32. The business's 50-day moving average is $14.28 and its 200-day moving average is $14.65.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Equities research analysts predict that Farmers National Banc will post 1.44 EPS for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.87%. Farmers National Banc's payout ratio is 55.74%.

Insider Activity at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company's stock.

Institutional Trading of Farmers National Banc

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank's stock valued at $4,486,000 after purchasing an additional 117,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Farmers National Banc by 142.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank's stock valued at $1,151,000 after buying an additional 44,783 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock worth $12,802,000 after acquiring an additional 44,349 shares during the period. Barclays PLC boosted its position in shares of Farmers National Banc by 330.9% during the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after acquiring an additional 42,951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Farmers National Banc by 93.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank's stock valued at $1,260,000 after acquiring an additional 40,367 shares during the period. 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.