Farmers National Banc Corp (NASDAQ:FMNB) to Issue Dividend Increase – $0.10 Per Share

Farmers National Banc Corp (NASDAQ:FMNB) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.10 per share by the bank on Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.09.

Farmers National Banc has increased its dividend payment by an average of 35.7% annually over the last three years and has raised its dividend every year for the last 2 years. Farmers National Banc has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers National Banc to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 30.1%.

Shares of FMNB stock traded down $0.06 during mid-day trading on Tuesday, hitting $13.94. The stock had a trading volume of 211 shares, compared to its average volume of 24,832. The firm has a market cap of $373.23 million, a PE ratio of 12.16 and a beta of 0.85. The company’s 50-day simple moving average is $13.96 and its 200-day simple moving average is $14.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. Farmers National Banc has a fifty-two week low of $11.56 and a fifty-two week high of $15.90.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Friday, July 26th. The bank reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Farmers National Banc had a return on equity of 12.54% and a net margin of 26.98%. The firm had revenue of $27.49 million during the quarter, compared to the consensus estimate of $27.60 million. On average, analysts expect that Farmers National Banc will post 1.26 EPS for the current year.

A number of brokerages have commented on FMNB. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday. BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Boenning Scattergood reissued a “buy” rating and set a $15.50 price target on shares of Farmers National Banc in a research note on Wednesday, July 31st. Finally, ValuEngine lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Farmers National Banc Company Profile

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, MasterCard and Visa credit cards, brokerage, and other services.

Further Reading: Net Asset Value

Dividend History for Farmers National Banc (NASDAQ:FMNB)

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