Somewhat Positive Media Coverage Somewhat Unlikely to Affect Farmers National Banc Corp. (FMNB) Share Price
News headlines about Farmers National Banc Corp. (NASDAQ:FMNB) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Farmers National Banc Corp. earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.5126437835169 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have recently commented on the company. BidaskClub cut Farmers National Banc Corp. from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Keefe, Bruyette & Woods restated a “buy” rating and set a $16.00 target price on shares of Farmers National Banc Corp. in a research report on Thursday, July 27th.
Farmers National Banc Corp. (FMNB) traded up 1.99% during midday trading on Wednesday, hitting $15.40. The stock had a trading volume of 36,669 shares. The stock has a market cap of $417.00 million, a price-to-earnings ratio of 18.92 and a beta of 0.46. The stock has a 50 day moving average of $14.36 and a 200 day moving average of $14.13. Farmers National Banc Corp. has a 12 month low of $9.98 and a 12 month high of $15.85.
Farmers National Banc Corp. (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.80 million. Farmers National Banc Corp. had a return on equity of 10.25% and a net margin of 22.19%. Analysts expect that Farmers National Banc Corp. will post $0.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.06 per share. This is a positive change from Farmers National Banc Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, September 7th. Farmers National Banc Corp.’s dividend payout ratio is presently 29.27%.
In related news, insider Mark J. Wenick bought 2,200 shares of the stock in a transaction on Wednesday, August 2nd. The shares were bought at an average cost of $14.10 per share, for a total transaction of $31,020.00. Following the completion of the transaction, the insider now owns 8,690 shares of the company’s stock, valued at approximately $122,529. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 4,780 shares of company stock worth $66,698 over the last 90 days. 7.80% of the stock is currently owned by company insiders.
About Farmers National Banc Corp.
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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