Farmers National Banc Corp. (NASDAQ:FMNB) to Issue $0.17 Quarterly Dividend

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.17 per share by the bank on Friday, June 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, June 14th.

Farmers National Banc has raised its dividend payment by an average of 15.6% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Farmers National Banc has a payout ratio of 52.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.2 %

FMNB opened at $12.61 on Thursday. The firm has a market capitalization of $473.51 million, a P/E ratio of 8.70 and a beta of 0.86. The firm’s 50 day moving average is $12.54 and its 200-day moving average is $13.12. Farmers National Banc has a 52-week low of $10.38 and a 52-week high of $14.75. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $40.04 million for the quarter, compared to analyst estimates of $42.46 million. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. Analysts expect that Farmers National Banc will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Farmers National Banc

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.