In a report released today, Scott Beury from Boenning & Scattergood reiterated a Buy rating on Farmers National Banc Corp Oh (FMNB), with a price target of $14.50. The company’s shares closed yesterday at $13.04.
Beury commented:
“We view Farmers National Banc Corp. as a conservatively managed community bank with a track record of consistent execution and long-term strategic management. We are attracted to the company’s combination of consistently solid organic growth, disciplined credit standards, and impressive return metrics. In our view, the company has the opportunity for high-quality earnings growth of 7%-9% in both 2019 and 2020 by simply maintaining its pace of loan growth without material NIM compression. However, at 10.4x our 2019 EPS estimate, FMNB shares are trading at a discount to peers (11.3x median), which we believe is fundamentally unwarranted given the company’s low-risk business model and potential for future operating improvement.”
According to TipRanks.com, Beury is a 2-star analyst with an average return of -0.3% and a 43.2% success rate. Beury covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Independent Bank Corporation, and United Community Financial.
Farmers National Banc Corp Oh has an analyst consensus of Moderate Buy, with a price target consensus of $14.75.
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Farmers National Banc Corp Oh’s market cap is currently $362.2M and has a P/E ratio of 12.43. The company has a Price to Book ratio of 1.46.
Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FMNB in relation to earlier this year.
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Farmers National Banc Corp. operates as a financial holding company, which supervises its subsidiaries’ banking operations. It operates through the following segments: Trust, Bank, and Retirement Consulting.
