Brokerages Expect Farmers National Banc Corp (FMNB) Will Announce Quarterly Sales of $27.60 Million

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Analysts predict that Farmers National Banc Corp (NASDAQ:FMNB) will report sales of $27.60 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Farmers National Banc’s earnings, with the lowest sales estimate coming in at $27.50 million and the highest estimate coming in at $27.70 million. Farmers National Banc reported sales of $25.87 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is expected to announce its next quarterly earnings report on Wednesday, July 17th.

On average, analysts expect that Farmers National Banc will report full-year sales of $111.52 million for the current year, with estimates ranging from $111.13 million to $111.90 million. For the next financial year, analysts expect that the firm will report sales of $118.28 million, with estimates ranging from $118.10 million to $118.45 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Farmers National Banc.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, April 24th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Farmers National Banc had a net margin of 27.42% and a return on equity of 12.82%. The business had revenue of $26.49 million for the quarter, compared to analysts’ expectations of $26.79 million.

FMNB has been the topic of several research reports. Zacks Investment Research upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. BidaskClub upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Raymond James raised their price target on shares of Farmers National Banc from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, ValuEngine lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Farmers National Banc currently has an average rating of “Hold” and an average target price of $16.17.

NASDAQ FMNB traded down $0.32 during mid-day trading on Friday, hitting $14.33. The company’s stock had a trading volume of 41,000 shares, compared to its average volume of 29,061. Farmers National Banc has a 52-week low of $11.56 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $404.35 million, a price-to-earnings ratio of 12.63 and a beta of 0.78.

In other Farmers National Banc news, CEO Kevin J. Helmick purchased 2,861 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the completion of the acquisition, the chief executive officer now owns 70,072 shares of the company’s stock, valued at approximately $906,731.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 3,772 shares of company stock worth $50,280 in the last 90 days. 8.66% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Farmers National Banc by 509.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,301 shares of the bank’s stock valued at $73,000 after purchasing an additional 4,431 shares during the period. Bessemer Group Inc. raised its stake in shares of Farmers National Banc by 14.9% during the fourth quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,000 shares during the period. Citigroup Inc. raised its stake in shares of Farmers National Banc by 17.2% during the fourth quarter. Citigroup Inc. now owns 7,942 shares of the bank’s stock valued at $101,000 after purchasing an additional 1,164 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Farmers National Banc by 405.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,719 shares of the bank’s stock valued at $111,000 after purchasing an additional 6,995 shares during the period. Finally, Ramsey Quantitative Systems raised its stake in shares of Farmers National Banc by 29.4% during the fourth quarter. Ramsey Quantitative Systems now owns 9,292 shares of the bank’s stock valued at $118,000 after purchasing an additional 2,113 shares during the period. Institutional investors own 36.70% of the company’s stock.

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.

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