
FMNB Stock Forecast & Price Target
FMNB Analyst Ratings
Bulls say
Farmers National Banc Corp has demonstrated a solid performance with its core net interest margin (NIM) improving by 8 basis points quarter-over-quarter to 2.56%, indicating effective management of interest income amid a competitive banking environment. Additionally, the total capital equity (TCE) showed a significant increase of 80 basis points, reaching 4.98%, complemented by a 5% growth in assets under management (AUM) following the acquisition of Crest Retirement Advisors. The upward trajectory in both NIM and TCE, alongside a moderate rise in non-performing assets, suggests a resilient financial position that supports a positive outlook for the company's future performance.
Bears say
Farmers National Banc Corp has experienced a significant decline in tangible book value (TBV), which dropped 13% quarter-over-quarter to $5.80, and a troubling decrease in tangible common equity (TCE), down 56 basis points to 4.42%, despite reporting a return on assets (ROA) of 1.12%. The company’s reliance on borrowings, which comprised 8% of non-equity funding, has decreased by $124 million from the previous quarter, and overall, EOP loans held for investment (HFI) declined by 1% quarter-over-quarter, indicating potential liquidity challenges. While management anticipates modest core deposit growth moving forward, the declines in profitability metrics and loan yields, along with the negative adjustment in accumulated other comprehensive income (AOCI) amounting to -$233.1 million, contribute to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Farmers National Banc Corp. and is not a guaranteed prediction by Public.com or investment advice.
FMNB Analyst Forecast & Price Prediction
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