3 days Ago By ABMN Staff
StockNews.com upgraded shares of Farmers National Banc ( NASDAQ:FMNB – Free Report ) from a sell rating to a hold rating in a research report report published on Friday. Other equities research analysts have also issued reports about the stock.
Raymond James upped their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th.
Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th.
Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average price target of $15.
67. Check Out Our Latest Stock Report on Farmers National Banc Farmers National Banc Trading Down 0.9 % Farmers National Banc ( NASDAQ:FMNB – Get Free Report ) last announced its earnings results on Wednesday, October 23rd.
The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.
12). The company had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.
90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.
92%. On average, analysts expect that Farmers National Banc will post 1.24 EPS for the current year.
Farmers National Banc Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share.
This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.48%.
The ex-dividend date of this dividend was Friday, September 13th. Farmers National Banc’s payout ratio is 55.28%.
Insider Activity In other news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.
00, for a total transaction of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230.
This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
4.00% of the stock is currently owned by company insiders. Institutional Trading of Farmers National Banc A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
Geode Capital Management LLC boosted its holdings in Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after acquiring an additional 44,349 shares in the last quarter.
Barclays PLC raised its position in shares of Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock worth $845,000 after purchasing an additional 42,951 shares during the period.
Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Farmers National Banc by 93.9% in the 3rd quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after purchasing an additional 40,367 shares in the last quarter. State Street Corp grew its position in Farmers National Banc by 3.
5% in the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after purchasing an additional 28,499 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Farmers National Banc in the 3rd quarter valued at $311,000.
38.72% of the stock is owned by institutional investors. Farmers National Banc Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Farmers National Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc and related companies with MarketBeat.
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