Farmers National Banc (NASDAQ:FMNB) Shares Gap Up to $15.54

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.54, but opened at $15.98. Farmers National Banc shares last traded at $15.70, with a volume of 9,663 shares traded.

Wall Street Analysts Forecast Growth

FMNB has been the topic of several research reports. Raymond James upped their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Farmers National Banc has an average rating of “Hold” and an average price target of $15.67.

Farmers National Banc Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $12.79 and its 200-day simple moving average is $12.97. The stock has a market cap of $590.66 million, a price-to-earnings ratio of 10.83 and a beta of 0.84.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $66.45 million for 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%. Analysts forecast that Farmers National Banc Corp. will post 1.36 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Friday, June 14th. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Institutional Investors Weigh In On Farmers National Banc

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of Farmers National Banc during the 4th quarter worth approximately $382,000. PEAK6 Investments LLC bought a new stake in Farmers National Banc during the first quarter worth $248,000. Busey Bank acquired a new stake in shares of Farmers National Banc in the 2nd quarter valued at $224,000. Vanguard Group Inc. increased its stake in shares of Farmers National Banc by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,014,145 shares of the bank’s stock valued at $23,284,000 after purchasing an additional 17,881 shares during the last quarter. Finally, Bank of New York Mellon Corp raised 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 in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

About Farmers National Banc

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.