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FMNB - Farmers National Banc: Attractively Valued With Low Risk
Farmers National Banc Corp.
The negligible amount of current loan deferrals shows that the credit risk has subsided. Further, pandemic-sensitive industries make up only a limited portion of total loans.
A decline in refinancing activity will likely reduce the non-interest income.
The year-end target price suggests a high upside. Further, Farmers is offering a modest dividend yield.