Farmers National Banc (NASDAQ:FMNB) Releases Earnings Results, Beats Estimates By $0.05 EPS

Farmers National Banc (NASDAQ:FMNB) released its quarterly earnings results on Wednesday. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Zacks reports. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%.

Farmers National Banc Price Performance

NASDAQ FMNB traded up $0.23 during trading on Wednesday, reaching $12.34. The company’s stock had a trading volume of 6,279 shares, compared to its average volume of 90,201. The stock has a market capitalization of $463.98 million, a PE ratio of 10.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a fifty day moving average of $13.37 and a 200 day moving average of $14.12. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.51%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Piper Sandler reduced their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Insider Transactions at Farmers National Banc

In related news, Director Gina A. Richardson acquired 2,334 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. The trade was a 30.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the sale, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

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.