Farmers National Banc assumed with a Neutral at Piper Sandler

Piper Sandler analyst Adam Butler assumed coverage of Farmers National Banc (FMNB) with a Neutral rating and $17 price target The firm views Farmers’ deposit profile as above average given its rural focus and believes the bank is well positioned for net interest margin expansion through 2025 due to its liability sensitive balance sheet. Piper’s Neutral rating is primarily attributable to valuation.