Farmers National Banc (NASDAQ:FMNB – Get Free Report) 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
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.
Recommended Stories
- Five stocks we like better than Farmers National Banc
- The How and Why of Investing in Gold Stocks
- Texas Roadhouse Stock Steering for New Highs This Year
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Breakout Stocks: What They Are and How to Identify Them
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Farmers National Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc and related companies with MarketBeat.com's FREE daily email newsletter.