BUZZ-Piper Sandler assumes coverage of Farmers National Banc with 'neutral' rating

Reuters

Nov 21, 2024

** Piper Sandler assumes coverage of financial services company Farmers National Banc with "neutral" rating

** Brokerage says FMNB is positioned favorably for Fed easing cycle

** Expects modest expansion of FMNB's net interest margin $(NIM)$ through 2025

** NIM is a key profitability metric that measures how much a bank earns as interest on loans and pays out on deposits

** Piper Sandler says FMNB's diversified fee businesses including wealth management, insurance agency and retirement plan consulting to drive strong fee growth

** Brokerage sets PT at $17, a ~12% upside on stock's last close

** One of 3 brokerages rate the stock "buy", 2 "hold"; their median PT is $17 - LSEG data

** As of last close, stock up ~4.8% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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their median PT is $17 - LSEG data</p><p>   ** As of last close, stock up ~4.8% YTD</p><p> (Reporting by Prakhar Srivastava in Bengaluru)</p><p>((Prakhar.srivastava2@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FMNB","symbol_name":"Farmers National Banc Corp","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2485079462","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485079462","pubTimestamp":1732190664,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Piper Sandler assumes coverage of financial services company Farmers National Banc    with \"neutral\" rating   ** Brokerage says FMNB is positioned favorably for Fed easing cycle    ** Expects modes","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"FMNB":"Farmers National Banc Corp"},"translate_title":"BUZZ-Piper Sandler对农民国家银行给予“中性”评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMNB":1},"content_text":"** Piper Sandler assumes coverage of financial services company Farmers National Banc    with \"neutral\" rating   ** Brokerage says FMNB is positioned favorably for Fed easing cycle    ** Expects modest expansion of FMNB's net interest margin $(NIM)$ through 2025   ** NIM is a key profitability metric that measures how much a bank earns as interest on loans and pays out on deposits   ** Piper Sandler says FMNB's diversified fee businesses including wealth management, insurance agency and retirement plan consulting to drive strong fee growth    ** Brokerage sets PT at $17, a ~12% upside on stock's last close   ** One of 3 brokerages rate the stock \"buy\", 2 \"hold\"; 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