Farmers National Banc Corp. Announces Quarterly Dividend of $0.11 (NASDAQ:FMNB)

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.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Tuesday, April 27th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.14. The company had revenue of $35.85 million during the quarter, compared to analysts’ expectations of $34.77 million. Farmers National Banc had a return on equity of 14.41% and a net margin of 31.39%. Equities research analysts anticipate that Farmers National Banc will post 1.67 earnings per share for the current year.

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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Dividend History for Farmers National Banc (NASDAQ:FMNB)

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