Farmers National Banc (NASDAQ:FMNB) Issues Earnings Results

Farmers National Banc (NASDAQ:FMNB) released its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), Yahoo Finance reports. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million.

Farmers National Banc Stock Down 0.4 %

Shares of NASDAQ:FMNB traded down $0.05 on Friday, hitting $13.81. 22,393 shares of the company’s stock were exchanged, compared to its average volume of 94,008. The firm’s 50-day moving average is $14.88 and its 200 day moving average is $13.55. The company has a market capitalization of $518.57 million, a PE ratio of 9.48 and a beta of 0.82. Farmers National Banc has a 1-year low of $10.85 and a 1-year high of $16.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.92%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Insider Transactions at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the sale, the executive vice president now owns 27,116 shares of the company’s stock, valued at approximately $430,602.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FMNB has been the topic of a number of research analyst reports. Raymond James lifted their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.67.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. 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, brokerage, and other services.