Farmers National Banc (FMNB) Scheduled to Post Quarterly Earnings on Wednesday

Farmers National Banc (NASDAQ:FMNB) is scheduled to be announcing its earnings results on Wednesday, April 24th.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $44.99 million during the quarter, compared to analysts’ expectations of $43.65 million. Farmers National Banc had a return on equity of 16.91% and a net margin of 19.57%. On average, analysts expect Farmers National Banc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Farmers National Banc Stock Up 0.4 %

NASDAQ FMNB opened at $12.46 on Tuesday. The stock’s 50 day moving average is $13.05 and its two-hundred day moving average is $12.95. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $467.87 million, a price-to-earnings ratio of 9.30 and a beta of 0.84. Farmers National Banc has a 1-year low of $10.38 and a 1-year high of $14.75.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Thursday, March 7th. Farmers National Banc’s payout ratio is presently 50.75%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 4,004 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.21, for a total transaction of $56,896.84. Following the sale, the executive vice president now owns 33,157 shares in the company, valued at $471,160.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 1,528 shares of company stock valued at $21,180 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Piper Sandler initiated coverage on shares of Farmers National Banc in a report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective on the stock. Raymond James upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Friday, January 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Farmers National Banc from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.33.

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.