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

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings data on Wednesday. The bank reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08, FiscalAI reports. The firm had revenue of $65.87 million during the quarter, compared to the consensus estimate of $70.75 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%.

Farmers National Banc Stock Up 2.5%

Shares of NASDAQ FMNB traded up $0.39 during trading on Thursday, hitting $15.87. 42,161 shares of the company traded hands, compared to its average volume of 398,432. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average is $15.48 and its 200 day moving average is $14.36. The firm has a market capitalization of $939.97 million, a price-to-earnings ratio of 10.80 and a beta of 0.78. Farmers National Banc has a fifty-two week low of $12.12 and a fifty-two week high of $16.46.

Farmers National Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. Farmers National Banc’s dividend payout ratio (DPR) is presently 48.98%.

Insider Buying and Selling

In other news, EVP Mark Wenick sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the completion of the sale, the executive vice president owned 32,020 shares in the company, valued at $511,359.40. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FMNB shares. Piper Sandler raised their price target on Farmers National Banc from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Farmers National Banc in a research report on Monday. Finally, Wall Street Zen raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.00.

Farmers National Banc Company Profile

Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Through its principal subsidiary, Farmers National Bank, the company provides community banking services to individuals, families and businesses.

Farmers National Bank offers deposit accounts, consumer and commercial lending, residential mortgages, online and mobile banking, treasury management and other financial services. The company also provides wealth management and trust services through Farmers Trust Company, as well as insurance-related services through its affiliated operations.

Founded in 1887, Farmers National Banc Corp.