Farmers National Banc Corp (NASDAQ:FMNB) hit a new 52-week high on Wednesday . The company traded as high as $16.55 and last traded at $16.55, with a volume of 306 shares changing hands. The stock had previously closed at $16.50.

A number of equities research analysts have weighed in on FMNB shares. BidaskClub raised Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Zacks Investment Research raised Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, April 23rd. ValuEngine raised Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Sandler O’Neill reaffirmed a “hold” rating and set a $15.00 target price on shares of Farmers National Banc in a research report on Tuesday, March 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Farmers National Banc in a research report on Thursday, April 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.67.

The stock has a market capitalization of $449.17 million, a P/E ratio of 18.33 and a beta of 0.43. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 18th. The bank reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $24.96 million during the quarter, compared to analyst estimates of $25.70 million. Farmers National Banc had a return on equity of 11.27% and a net margin of 23.01%. equities analysts anticipate that Farmers National Banc Corp will post 1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, June 7th. Farmers National Banc’s payout ratio is 31.11%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ZPR Investment Management bought a new position in shares of Farmers National Banc in the 1st quarter worth $152,000. Millennium Management LLC raised its position in shares of Farmers National Banc by 19.7% in the 1st quarter. Millennium Management LLC now owns 148,284 shares of the bank’s stock worth $2,054,000 after acquiring an additional 24,415 shares in the last quarter. Maltese Capital Management LLC raised its position in shares of Farmers National Banc by 287.1% in the 1st quarter. Maltese Capital Management LLC now owns 243,069 shares of the bank’s stock worth $3,367,000 after acquiring an additional 180,269 shares in the last quarter. Banc Funds Co. LLC raised its position in shares of Farmers National Banc by 6.0% in the 1st quarter. Banc Funds Co. LLC now owns 314,912 shares of the bank’s stock worth $4,362,000 after acquiring an additional 17,779 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Farmers National Banc by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 544,322 shares of the bank’s stock worth $7,539,000 after acquiring an additional 68,327 shares in the last quarter. 35.36% of the stock is owned by hedge funds and other institutional investors.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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.com's FREE daily email newsletter.