Farmers National Banc (NASDAQ:FMNB) Now Covered by Janney Montgomery Scott

Equities research analysts at Janney Montgomery Scott began coverage on shares of Farmers National Banc (NASDAQ:FMNB – Get Rating) in a note issued to investors on Friday, The Fly reports. The brokerage set a “neutral” rating and a $14.00 price target on the bank’s stock. Janney Montgomery Scott’s target price would indicate a potential upside of 9.55% from the stock’s previous close.

FMNB has been the topic of several other research reports. Piper Sandler increased their target price on Farmers National Banc from $14.50 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, December 6th. StockNews.com lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th.

Farmers National Banc Trading Down 2.7 %

NASDAQ:FMNB opened at $12.78 on Friday. Farmers National Banc has a 1-year low of $12.41 and a 1-year high of $17.75. The business’s 50-day moving average price is $14.19 and its two-hundred day moving average price is $14.13. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $435.29 million, a price-to-earnings ratio of 7.14 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB – Get Rating) last released its earnings results on Wednesday, January 25th. The bank reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). Farmers National Banc had a net margin of 32.53% and a return on equity of 19.57%. The company had revenue of $37.63 million during the quarter, compared to analyst estimates of $41.20 million. On average, equities analysts expect that Farmers National Banc will post 1.71 earnings per share for the current year.

Insider Activity at Farmers National Banc

In other news, EVP Timothy Carney bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The shares were acquired at an average price of $13.41 per share, with a total value of $134,100.00. Following the transaction, the executive vice president now owns 72,443 shares in the company, valued at $971,460.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 10,478 shares of company stock valued at $140,628. 8.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE bought a new position in shares of Farmers National Banc during the 3rd quarter worth approximately $58,000. Elizabeth Park Capital Advisors Ltd. lifted its holdings in Farmers National Banc by 14.7% during the 3rd quarter. Elizabeth Park Capital Advisors Ltd. now owns 215,695 shares of the bank’s stock worth $2,823,000 after purchasing an additional 27,669 shares during the last quarter. HBK Investments L P acquired a new stake in Farmers National Banc during the 3rd quarter worth approximately $564,000. Martingale Asset Management L P lifted its holdings in Farmers National Banc by 125.1% during the 2nd quarter. Martingale Asset Management L P now owns 49,126 shares of the bank’s stock worth $738,000 after purchasing an additional 27,300 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Farmers National Banc during the 2nd quarter worth approximately $26,000. 38.99% of the stock is currently owned by institutional investors.

About Farmers National Banc

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Farmers National Banc Corp. is a bank and financial holding company, engaged in the provision of financial and banking services. It operates through following segments: Bank and Trust. The Bank segment consists of commercial and retail banking services including checking accounts, savings accounts, time deposit accounts, and commercial, mortgage and installment loans.