Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Farmers National Banc (FMNB)
Keefe, Bruyette & Woods reissued their hold rating on shares of Farmers National Banc (NASDAQ:FMNB) in a research note released on Friday morning. They currently have a $17.00 target price on the bank’s stock.
Several other equities analysts have also issued reports on the company. BidaskClub lowered Farmers National Banc from a hold rating to a sell rating in a research note on Thursday, December 7th. ValuEngine upgraded Farmers National Banc from a hold rating to a buy rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research lowered Farmers National Banc from a hold rating to a sell rating in a research note on Monday, October 30th.
Farmers National Banc (NASDAQ:FMNB) opened at $14.95 on Friday. Farmers National Banc has a 12 month low of $12.13 and a 12 month high of $15.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $407.69, a PE ratio of 18.01 and a beta of 0.42.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 annualized dividend and a yield of 1.61%. Farmers National Banc’s dividend payout ratio is 28.92%.
A number of institutional investors and hedge funds have recently modified their holdings of FMNB. Vanguard Group Inc. increased its stake in Farmers National Banc by 5.6% during the first quarter. Vanguard Group Inc. now owns 919,691 shares of the bank’s stock valued at $13,197,000 after acquiring an additional 48,719 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Farmers National Banc by 35.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 260,901 shares of the bank’s stock valued at $3,743,000 after purchasing an additional 68,705 shares during the period. Bank of America Corp DE grew its stake in shares of Farmers National Banc by 3.9% in the 1st quarter. Bank of America Corp DE now owns 30,309 shares of the bank’s stock valued at $435,000 after purchasing an additional 1,150 shares during the period. Bessemer Group Inc. bought a new stake in shares of Farmers National Banc in the 2nd quarter valued at approximately $141,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Farmers National Banc by 38.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,500 shares of the bank’s stock valued at $733,000 after purchasing an additional 14,000 shares during the period. Hedge funds and other institutional investors own 34.49% of the company’s stock.
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Farmers National Banc Company Profile
Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).
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