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.
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
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.
- Get a free copy of the StockNews.com research report on Farmers National Banc (FMNB)
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