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

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.17 per share by the bank on Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Friday, September 13th.

Farmers National Banc has raised its dividend by an average of 15.6% annually over the last three years. Farmers National Banc has a dividend payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.43 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 47.6%.

Farmers National Banc Price Performance

Shares of FMNB traded up $0.02 on Thursday, hitting $15.33. The company’s stock had a trading volume of 7,224 shares, compared to its average volume of 97,034. The company has a market capitalization of $575.64 million, a PE ratio of 10.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. Farmers National Banc has a fifty-two week low of $10.38 and a fifty-two week high of $16.32. The company has a 50 day moving average price of $13.81 and a 200 day moving average price of $13.10.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $66.45 million for the quarter, compared to the consensus estimate of $42.15 million. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. On average, research analysts anticipate that Farmers National Banc will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark J. Wenick sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were 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 owns 27,116 shares in the company, valued at approximately $430,602.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FMNB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James boosted their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.