Raymond James has adjusted its price target for Farmers National Banc (FMNB, Financial), reducing it from $17 to $15. Despite this revision, the firm maintains an "Outperform" rating for the bank's shares, reflecting confidence in the company's financial health and future prospects.
Analysts highlighted the bank's first-quarter performance as "solid," driven by stronger-than-expected revenues that led to a pre-tax, pre-provision income (PPI) surpassing expectations. Furthermore, credit trends remained favorable, reinforcing the bank's stability.
Raymond James indicated that the net interest margin and profitability are showing positive developments. This, paired with Farmers National Banc's conservative approach to credit management, supports a positive risk-reward outlook for the bank.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Farmers National Banc Corp (FMNB, Financial) is $15.00 with a high estimate of $17.00 and a low estimate of $14.00. The average target implies an upside of 18.11% from the current price of $12.70. More detailed estimate data can be found on the Farmers National Banc Corp (FMNB) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Farmers National Banc Corp's (FMNB, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Farmers National Banc Corp (FMNB, Financial) in one year is $14.71, suggesting a upside of 15.83% from the current price of $12.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Farmers National Banc Corp (FMNB) Summary page.
