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

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 0.17 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, February 13th.

Farmers National Banc has raised its dividend by an average of 0.1%per year over the last three years. Farmers National Banc has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Farmers National Banc to earn $1.55 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 43.9%.

Farmers National Banc Price Performance

Shares of FMNB stock traded down $1.07 during mid-day trading on Wednesday, hitting $12.52. 206,662 shares of the stock traded hands, compared to its average volume of 223,484. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. The company’s 50-day simple moving average is $13.67 and its 200-day simple moving average is $13.91. Farmers National Banc has a twelve month low of $11.58 and a twelve month high of $15.50. The firm has a market cap of $471.38 million, a price-to-earnings ratio of 8.72 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, February 4th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.49% and a net margin of 19.57%.The business had revenue of $49.89 million during the quarter. As a group, equities research analysts expect that Farmers National Banc will post 1.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FMNB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. Piper Sandler began coverage on Farmers National Banc in a research note on Friday, November 21st. They issued a “neutral” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.