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

Farmers National Banc (NASDAQ:FMNB) issued its earnings results on Wednesday. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Zacks reports. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%.

Farmers National Banc Trading Up 2.6 %

Farmers National Banc stock opened at $14.07 on Thursday. The firm has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $14.67. Farmers National Banc has a 52-week low of $11.55 and a 52-week high of $16.32. The firm has a market capitalization of $528.89 million, a price-to-earnings ratio of 11.44 and a beta of 0.86. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.83%. Farmers National Banc’s dividend payout ratio is presently 55.28%.

Analysts Set New Price Targets

FMNB has been the topic of several research reports. Piper Sandler reiterated a “neutral” rating and set a $17.00 price objective on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

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.