Farmers National Banc assumed with a Neutral at Piper Sandler

Piper Sandler analyst Adam Kroll assumed coverage of Farmers National Banc (FMNB) with a Neutral rating and $14 price target The firm believes the company is well positioned to gain market share within Middlefield Banc’s (MBCN) markets. However, Piper thinks Farmers National’s improving profitability outlook is largely reflected in the stock’s current valuation.