Farmers National Banc is a fast-growing bank with 36% growth, a 4.6% dividend and a forward P/E of 8.8x, but the price is 5.8% above the analyst target, momentum is soft, and analyst coverage is light.
Thesis pillars
- Strong Growth Leader↑Improving
- Cheap Valuation Vs Growth→Stable
- Earnings Beat Record↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026, based on the 10-K filed Mar 5, 2026
Farmers National Banc Corp. (FMNB) Stock Analysis
Breakout setup · Inst Constrain edge
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $15.64, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: core deposits (93.0%); Analyst target reached - limited upside remaining.
Farmers National Banc Corp. is an Ohio-based financial holding company operating The Farmers National Bank of Canfield in northeastern Ohio and western Pennsylvania, alongside Farmers Trust Company for trust, estate, and retirement services and Farmers National Insurance. The... Read more
Hold if already holding. Not a fresh buy at $15.64, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: core deposits (93.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Maintain position. Not compelling to add more. Score 6.6/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news boost analyst 0.50, earnings proximity 85d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-11-02Recent Developments — Farmers National Banc Corp.
Latest news
- NEWS Farmers National Banc Corp. (NASDAQ:FMNB) Declares Dividend Increase - $0.18 Per Share - MarketBeat — MarketBeat positive
- NEWS Farmers National Banc Corp. (NASDAQ:FMNB): Why Is It in Focus After It raised its quarterly cash dividend? - Kalkine Med — Kalkine Media positive
- NEWS Farmers National Banc (FMNB) Expected to Post Quarterly Earnings on Wednesday - MarketBeat — MarketBeat neutral
- NEWS FMNB Q3'26 Earnings: EPS estimate is 0.39 USD - TradingView — TradingView neutral
- NEWS Farmers & Merchants Bancorp (FMCB) Could Be 46% Below Fair Value On Earnings Growth - Yahoo Finance — Yahoo Finance positive
Generated 2026-11-02T11:33:16Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWloan_portfoliocommercial and industrial loans10%10-K Item 1A: 'approximately 10.4% of our loan portfolio consisted of commercial and industrial loans'
- HIGHloan_portfoliocore deposits93%10-K Item 1A: 'Core deposits – savings and money market accounts, time deposits less than $250,000 and demand deposits—comprised approximately 93.0% of total deposits at December 31, 2025'
Material Events(8-K, last 90d)
- 2026-04-16Item 5.02LOWAt the April 16, 2026 Annual Meeting, shareholders approved the company's 2026 Equity Incentive Plan, reserving 1,000,000 shares of common stock for restricted stock, stock units, and share awards to directors, officers, and other eligible participants.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $15.64, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: core deposits (93.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Maintain position. Not compelling to add more. Analyst target $14.73 reached (−5.8%), stop $15.02 (−4.1%), A.R:R -1.1:1. Score 6.6/10, moderate confidence.
Analyst target $14.73 reached (−5.8% from $15.64); no take-profit level is published. Analyst target $14.73 reached (−5.8%), stop $15.02 (−4.1%), A.R:R -1.1:1. Stop-loss: $15.02.
Concentration risk — Loan Portfolio: core deposits (93.0%); Analyst target reached - limited upside remaining; Near 52-week high (5.0% away).
Farmers National Banc Corp. trades at a P/E of 11.3 (forward 8.9). TrendMatrix value score: 7.9/10. Verdict: Hold.
9 analysts cover FMNB with a consensus score of 4.0/5. Average price target: $17.
What does Farmers National Banc Corp. do?Farmers National Banc Corp. is an Ohio-based financial holding company operating The Farmers National Bank of Canfield...
Farmers National Banc Corp. is an Ohio-based financial holding company operating The Farmers National Bank of Canfield in northeastern Ohio and western Pennsylvania, alongside Farmers Trust Company for trust, estate, and retirement services and Farmers National Insurance. The company completed its all-stock merger with Middlefield Banc Corp on March 2, 2026, converting each Middlefield share into 2.6 Farmers shares, and reported core deposits comprising approximately 93.0% of total deposits as of December 31, 2025.