Farmers National Banc Corp. (FMNB) Receives Coverage Optimism Rating of 0.16
Headlines about Farmers National Banc Corp. (NASDAQ:FMNB) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmers National Banc Corp. earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.7632872026065 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $16.00 target price on shares of Farmers National Banc Corp. in a report on Tuesday. BidaskClub downgraded shares of Farmers National Banc Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Farmers National Banc Corp. (NASDAQ:FMNB) traded down 0.96% during mid-day trading on Friday, reaching $15.45. 81,643 shares of the company were exchanged. The company’s 50 day moving average price is $13.99 and its 200-day moving average price is $14.03. Farmers National Banc Corp. has a 12 month low of $9.98 and a 12 month high of $15.85. The stock has a market capitalization of $418.36 million, a P/E ratio of 18.98 and a beta of 0.46.
Farmers National Banc Corp. (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The company had revenue of $24.43 million during the quarter, compared to the consensus estimate of $24.80 million. Farmers National Banc Corp. had a net margin of 22.19% and a return on equity of 10.25%. On average, equities analysts expect that Farmers National Banc Corp. will post $0.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Thursday, September 7th. This is a positive change from Farmers National Banc Corp.’s previous quarterly dividend of $0.05. Farmers National Banc Corp.’s dividend payout ratio is currently 29.27%.
In related news, insider Mark J. Wenick bought 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $14.10 per share, for a total transaction of $31,020.00. Following the transaction, the insider now directly owns 8,690 shares of the company’s stock, valued at approximately $122,529. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 4,780 shares of company stock valued at $66,698 in the last quarter. 7.80% of the stock is currently owned by insiders.
Farmers National Banc Corp. Company Profile
Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).
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