Piper Sandler Lowers Farmers National Banc (NASDAQ:FMNB) Price Target to $14.00

Farmers National Banc (NASDAQ:FMNB) had its price target reduced by research analysts at Piper Sandler from $16.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 7.86% from the company’s previous close.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and an average price target of $14.50.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $12.98 on Thursday. The firm has a market capitalization of $488.70 million, a P/E ratio of 8.95 and a beta of 0.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $13.66 and its 200 day simple moving average is $13.89. Farmers National Banc has a 12 month low of $11.58 and a 12 month high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The business had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. As a group, analysts anticipate that Farmers National Banc will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of Farmers National Banc by 454.6% during the 3rd quarter. First Trust Advisors LP now owns 137,655 shares of the bank’s stock valued at $1,984,000 after purchasing an additional 112,834 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Farmers National Banc by 42.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 220,076 shares of the bank’s stock valued at $3,171,000 after buying an additional 65,569 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Farmers National Banc during the first quarter valued at about $830,000. Wedge Capital Management L L P NC purchased a new stake in shares of Farmers National Banc in the third quarter worth about $795,000. Finally, Vanguard Group Inc. boosted its position in shares of Farmers National Banc by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock valued at $30,655,000 after acquiring an additional 52,854 shares during the period. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.