Wall Street analysts expect Farmers National Banc Corp (NASDAQ:FMNB) to announce earnings of $0.31 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Farmers National Banc’s earnings, with estimates ranging from $0.30 to $0.32. Farmers National Banc posted earnings per share of $0.29 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to report its next earnings results on Wednesday, July 17th.

On average, analysts expect that Farmers National Banc will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.26. For the next financial year, analysts forecast that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.34. Zacks’ EPS averages are an average based on a survey of research analysts that follow Farmers National Banc.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Farmers National Banc had a net margin of 27.42% and a return on equity of 12.82%. The company had revenue of $26.49 million during the quarter, compared to the consensus estimate of $26.79 million.

Several brokerages recently commented on FMNB. BidaskClub raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. ValuEngine raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Zacks Investment Research raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Raymond James increased their price objective on shares of Farmers National Banc from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Farmers National Banc has a consensus rating of “Hold” and a consensus target price of $16.17.

In other Farmers National Banc news, CEO Kevin J. Helmick purchased 2,861 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was purchased at an average cost of $12.94 per share, for a total transaction of $37,021.34. Following the transaction, the chief executive officer now owns 70,072 shares in the company, valued at approximately $906,731.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 3,772 shares of company stock valued at $50,280. Corporate insiders own 8.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FMNB. BlackRock Inc. increased its position in Farmers National Banc by 6.2% in the 4th quarter. BlackRock Inc. now owns 1,436,794 shares of the bank’s stock valued at $18,305,000 after acquiring an additional 83,906 shares during the period. Walthausen & Co. LLC acquired a new position in Farmers National Banc in the 1st quarter valued at approximately $749,000. Dimensional Fund Advisors LP increased its position in Farmers National Banc by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,987 shares of the bank’s stock valued at $10,343,000 after acquiring an additional 50,727 shares during the period. Pacific Ridge Capital Partners LLC increased its position in Farmers National Banc by 19.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 279,809 shares of the bank’s stock valued at $3,859,000 after acquiring an additional 45,376 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Farmers National Banc by 70.4% during the fourth quarter. Bank of America Corp DE now owns 106,873 shares of the bank’s stock worth $1,361,000 after buying an additional 44,168 shares during the period. Hedge funds and other institutional investors own 36.70% of the company’s stock.

Shares of NASDAQ:FMNB opened at $14.63 on Friday. The company has a market capitalization of $401.02 million, a P/E ratio of 12.72 and a beta of 0.78. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. Farmers National Banc has a one year low of $11.56 and a one year high of $16.90.

Farmers National Banc Company Profile

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services.

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