Farmers National Banc (NASDAQ:FMNB) Announces Earnings Results

Farmers National Banc (NASDAQ:FMNB) posted its quarterly earnings results on Wednesday. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), Yahoo Finance reports. The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%.

Farmers National Banc Trading Down 1.2 %

NASDAQ FMNB traded down $0.17 during trading hours on Friday, hitting $13.69. 84,091 shares of the company were exchanged, compared to its average volume of 94,306. The stock has a 50-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 has a 52 week low of $10.85 and a 52 week high of $16.32. The stock has a market cap of $514.06 million, a PE ratio of 9.44 and a beta of 0.82.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.97%. Farmers National Banc’s payout ratio is currently 46.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FMNB shares. Keefe, Bruyette & Woods reissued 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. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Raymond James lifted their target price on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and an average target price of $15.67.

Insiders Place Their Bets

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president now owns 27,116 shares of the company’s stock, valued at $430,602.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

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.