Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, May 25th, Zacks reports. Stockholders of record on Friday, June 11th will be given a dividend of 0.11 per share by the bank on Wednesday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, June 10th.
Farmers National Banc has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Farmers National Banc to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 31.0%.
Shares of NASDAQ:FMNB opened at $17.20 on Wednesday. Farmers National Banc has a 52-week low of $10.05 and a 52-week high of $18.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $486.93 million, a P/E ratio of 9.99 and a beta of 0.98. The firm has a 50-day moving average price of $16.87.
Several equities analysts have commented on FMNB shares. Raymond James upped their price objective on shares of Farmers National Banc from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. Piper Sandler upgraded shares of Farmers National Banc from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $15.00 to $16.50 in a research report on Wednesday, March 3rd. Finally, Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, May 18th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.17.
Farmers National Banc Company Profile
Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It 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.
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