Farmers National Banc (FMNB) Issues Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB) released its quarterly earnings results on Wednesday. The bank reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29, MarketWatch Earnings reports. Farmers National Banc had a net margin of 24.60% and a return on equity of 11.96%. The business had revenue of $26.40 million for the quarter, compared to the consensus estimate of $26.80 million.

NASDAQ FMNB opened at $13.81 on Friday. Farmers National Banc has a 12 month low of $12.80 and a 12 month high of $16.90. The company has a market cap of $386.70 million, a price-to-earnings ratio of 15.34 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.03.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.32%. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.07. Farmers National Banc’s dividend payout ratio (DPR) is 35.56%.

A number of brokerages recently commented on FMNB. Zacks Investment Research raised Farmers National Banc from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, July 20th. BidaskClub cut Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.00.

In other news, Director Edward Muransky bought 4,000 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were bought at an average price of $15.86 per share, for a total transaction of $63,440.00. Following the purchase, the director now owns 13,044 shares in the company, valued at $206,877.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 5,095 shares of company stock worth $80,587. 9.11% of the stock is owned by company insiders.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.

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Earnings History for Farmers National Banc (NASDAQ:FMNB)

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