Farmers National Banc (NASDAQ:FMNB) Given New $18.00 Price Target at Raymond James

Farmers National Banc (NASDAQ:FMNB) had its price target raised by Raymond James from $16.00 to $18.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reiterated a market perform rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $15.67.

Farmers National Banc Trading Down 0.2 %

Shares of FMNB opened at $16.06 on Thursday. The stock has a fifty day moving average of $12.73 and a two-hundred day moving average of $12.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $603.05 million, a PE ratio of 11.08 and a beta of 0.84. Farmers National Banc has a fifty-two week low of $10.38 and a fifty-two week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. As a group, analysts forecast that Farmers National Banc will post 1.36 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.23%. Farmers National Banc’s payout ratio is 46.90%.

Institutional Trading of Farmers National Banc

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $2,834,000 after buying an additional 12,160 shares during the last quarter. Busey Bank acquired a new stake in Farmers National Banc in the 2nd quarter valued at $224,000. Twelve Points Wealth Management LLC increased its holdings in Farmers National Banc by 12.4% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock valued at $678,000 after purchasing an additional 5,987 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc in the 1st quarter valued at $140,000. Finally, PEAK6 Investments LLC acquired a new stake in Farmers National Banc in the 1st quarter valued at $248,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

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.