Piper Sandler Issues Pessimistic Forecast for Farmers National Banc (NASDAQ:FMNB) Stock Price

Farmers National Banc (NASDAQ:FMNB) had its price target dropped by analysts at Piper Sandler from $17.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective indicates a potential upside of 16.83% from the stock’s current price.

Separately, StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Farmers National Banc Stock Performance

FMNB stock traded down $0.07 during midday trading on Monday, reaching $13.70. 19,713 shares of the company’s stock traded hands, compared to its average volume of 73,157. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $14.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $514.80 million, a PE ratio of 11.23 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. As a group, equities analysts anticipate that Farmers National Banc will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after buying an additional 997 shares during the period. SG Americas Securities LLC purchased a new position in shares of Farmers National Banc during the 3rd quarter worth approximately $214,000. Creative Planning raised its position in shares of Farmers National Banc by 46.0% in the 3rd quarter. Creative Planning now owns 36,306 shares of the bank’s stock worth $549,000 after acquiring an additional 11,447 shares in the last quarter. Twelve Points Wealth Management LLC lifted its stake in shares of Farmers National Banc by 8.0% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 58,614 shares of the bank’s stock valued at $886,000 after purchasing an additional 4,345 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. boosted its position in shares of Farmers National Banc by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after purchasing an additional 3,000 shares in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

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.