Janney starts ‘fairly valued’ Farmers National Banc with a Neutral

As previously reported, Janney Montgomery Scott analyst Daniel Cardenas initiated coverage of Farmers National Banc with a Neutral rating and $14 fair value estimate. Farmers National has a record of "sound loan growth and improving profitability" and trends appear sustainable, said the firm, which adds that it thinks these factors are currently reflected in the stock price and that it views shares as "fairly valued."