Farmers National Banc (NASDAQ:FMNB) Issues Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings data on Wednesday. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07), FiscalAI reports. The company had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.49%.

Farmers National Banc Trading Down 1.5%

FMNB stock traded down $0.19 during mid-day trading on Thursday, reaching $12.57. 34,939 shares of the stock traded hands, compared to its average volume of 231,463. The company has a market cap of $473.41 million, a P/E ratio of 8.73 and a beta of 0.85. Farmers National Banc has a 52-week low of $11.58 and a 52-week high of $15.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $13.67 and its 200-day moving average is $13.90.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, February 13th. Farmers National Banc’s payout ratio is currently 47.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Occudo Quantitative Strategies LP acquired a new position in Farmers National Banc during the 3rd quarter worth approximately $161,000. Comerica Bank grew its holdings in Farmers National Banc by 11,109.0% during the third quarter. Comerica Bank now owns 16,141 shares of the bank’s stock worth $233,000 after purchasing an additional 15,997 shares during the period. Sei Investments Co. increased its holdings in shares of Farmers National Banc by 20.6% during the 3rd quarter. Sei Investments Co. now owns 14,652 shares of the bank’s stock worth $211,000 after acquiring an additional 2,500 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Farmers National Banc by 25.1% in the third quarter. BNP Paribas Financial Markets now owns 15,771 shares of the bank’s stock valued at $227,000 after purchasing an additional 3,162 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Farmers National Banc during the second quarter worth approximately $175,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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