Farmers National Banc (NASDAQ:FMNB) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Farmers National Banc (NASDAQ:FMNB) released its earnings results on Wednesday. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Zacks reports. The company had revenue of $44.68 million during the quarter, compared to analysts’ expectations of $45.10 million. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%.

Farmers National Banc Price Performance

Shares of FMNB opened at $12.44 on Thursday. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The company has a market capitalization of $467.93 million, a P/E ratio of 10.20 and a beta of 0.77. The firm has a 50 day moving average of $13.34 and a 200 day moving average of $14.11. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.17 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.47%. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Insider Activity at Farmers National Banc

In related news, Director Gina A. Richardson bought 2,334 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares of the company’s stock, valued at $685,762. This represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on FMNB shares. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler dropped their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd.

About Farmers National Banc

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.