Farmers National Banc (FMNB) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings results on Wednesday. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02, Bloomberg Earnings reports. The company had revenue of $24.96 million during the quarter, compared to analyst estimates of $25.70 million. Farmers National Banc had a net margin of 23.01% and a return on equity of 11.34%.

Farmers National Banc stock opened at $14.80 on Friday. Farmers National Banc has a 52-week low of $12.80 and a 52-week high of $15.95. The firm has a market cap of $400.79, a PE ratio of 14.95 and a beta of 0.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

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The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were issued a dividend of $0.07 per share. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.89%. Farmers National Banc’s dividend payout ratio is presently 31.11%.

In other news, Director Edward Muransky acquired 6,850 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $14.99 per share, with a total value of $102,681.50. Following the completion of the acquisition, the director now owns 23,934 shares of the company’s stock, valued at approximately $358,770.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 8,212 shares of company stock valued at $121,597 in the last ninety days. Insiders own 9.11% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Farmers National Banc in a report on Thursday. Sandler O’Neill reaffirmed a “hold” rating and set a $15.00 target price on shares of Farmers National Banc in a report on Tuesday, March 27th. Zacks Investment Research raised shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, January 5th. ValuEngine raised shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Raymond James raised shares of Farmers National Banc from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Farmers National Banc currently has an average rating of “Hold” and a consensus price target of $16.67.

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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.

Earnings History for Farmers National Banc (NASDAQ:FMNB)

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