Farmers National Banc (NASDAQ:FMNB) Announces Earnings Results, Misses Estimates By $0.12 EPS

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings results 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. The company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%.

Farmers National Banc Stock Performance

Shares of FMNB stock traded down $0.06 during trading hours on Friday, reaching $13.80. 22,792 shares of the company’s stock were exchanged, compared to its average volume of 94,010. Farmers National Banc has a fifty-two week low of $10.85 and a fifty-two week high of $16.32. The stock has a market capitalization of $518.19 million, a P/E ratio of 9.48 and a beta of 0.82. The business has a fifty day moving average price of $14.88 and a 200-day moving average price of $13.55. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.93%. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. 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 report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Finally, StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Farmers National Banc currently has a consensus rating of “Hold” and an average price target of $15.67.

Insider Transactions at Farmers National Banc

In related news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction 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 directly owns 27,116 shares in the company, valued at $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were 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 owns 35,282 shares in the company, valued at $529,230. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

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.