Farmers National Banc Corp. (NASDAQ:FMNB) Announces $0.17 Quarterly Dividend

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.17 per share by the bank on Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 4.74%. The ex-dividend date is Friday, March 14th.

Farmers National Banc has raised its dividend payment by an average of 13.1% per year over the last three years. Farmers National Banc has a dividend payout ratio of 43.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Farmers National Banc to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 43.9%.

Farmers National Banc Stock Down 0.4 %

FMNB stock opened at $14.35 on Friday. The company has a fifty day moving average price of $13.90 and a 200 day moving average price of $14.59. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a market cap of $539.39 million, a price-to-earnings ratio of 11.76 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Sell-side analysts expect that Farmers National Banc will post 1.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the sale, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler reduced their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a 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.