Farmers National Banc (NASDAQ:FMNB) Issues Quarterly Earnings Results, Meets Estimates

Farmers National Banc (NASDAQ:FMNB) announced its quarterly earnings data on Wednesday. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33, Zacks reports. Farmers National Banc had a return on equity of 15.68% and a net margin of 21.05%. The firm had revenue of $66.45 million for the quarter, compared to analysts’ expectations of $42.15 million.

Farmers National Banc Stock Performance

NASDAQ FMNB traded up $1.21 during trading hours on Thursday, hitting $16.09. The company had a trading volume of 244,356 shares, compared to its average volume of 98,970. Farmers National Banc has a fifty-two week low of $10.38 and a fifty-two week high of $16.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $12.66 and a 200-day simple moving average of $12.95. The firm has a market cap of $604.18 million, a P/E ratio of 11.10 and a beta of 0.84.

Farmers National Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, June 14th. Farmers National Banc’s dividend payout ratio is presently 46.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FMNB. Raymond James raised their price objective on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.67.

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.