Shares of Farmers National Banc Corp (NASDAQ:FMNB) have earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Zacks has also given Farmers National Banc an industry rank of 168 out of 265 based on the ratings given to related companies.
FMNB has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price objective on shares of Farmers National Banc in a report on Tuesday, October 3rd. Zacks Investment Research cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Monday, October 30th. ValuEngine cut Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub cut Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of Farmers National Banc in the 2nd quarter valued at approximately $141,000. SG Americas Securities LLC purchased a new position in shares of Farmers National Banc in the 3rd quarter valued at approximately $165,000. Cetera Investment Advisers purchased a new position in shares of Farmers National Banc in the 2nd quarter valued at approximately $165,000. Stifel Financial Corp lifted its stake in shares of Farmers National Banc by 6.4% in the 2nd quarter. Stifel Financial Corp now owns 13,244 shares of the bank’s stock valued at $192,000 after purchasing an additional 800 shares during the period. Finally, OxFORD Asset Management LLP purchased a new position in shares of Farmers National Banc in the 2nd quarter valued at approximately $216,000. Institutional investors own 34.49% of the company’s stock.
Farmers National Banc (NASDAQ:FMNB) traded up $0.40 during midday trading on Tuesday, reaching $15.05. The company’s stock had a trading volume of 156,769 shares, compared to its average volume of 47,971. Farmers National Banc has a 1-year low of $12.13 and a 1-year high of $15.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $413.16, a PE ratio of 17.44 and a beta of 0.42.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 7th. Farmers National Banc’s payout ratio is presently 28.57%.
About Farmers National Banc
Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).
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