Farmers National Banc Corp. (NASDAQ:FMNB) Declares Quarterly Dividend of $0.17

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.17 per share by the bank on Friday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Friday, June 14th.

Farmers National Banc has raised its dividend payment by an average of 15.6% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Farmers National Banc has a dividend payout ratio of 52.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Farmers National Banc to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 51.9%.

Farmers National Banc Stock Down 0.1 %

NASDAQ FMNB traded down $0.01 on Thursday, reaching $12.60. The company had a trading volume of 1,381 shares, compared to its average volume of 95,613. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. Farmers National Banc has a 1 year low of $10.38 and a 1 year high of $14.75. The firm has a 50-day moving average of $12.54 and a 200-day moving average of $13.12. The firm has a market capitalization of $473.13 million, a PE ratio of 8.70 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $40.04 million for the quarter, compared to the consensus estimate of $42.46 million. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. On average, equities research analysts anticipate that Farmers National Banc will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FMNB. Keefe, Bruyette & Woods lifted their price objective on Farmers National Banc from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Piper Sandler started coverage on shares of Farmers National Banc in a report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.33.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It 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, brokerage, and other services.