Equities analysts forecast that Farmers National Banc Corp (NASDAQ:FMNB) will post earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Farmers National Banc’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.30. Farmers National Banc reported earnings per share of $0.29 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is scheduled to announce its next earnings report on Wednesday, July 17th.
On average, analysts expect that Farmers National Banc will report full-year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.25 to $1.26. For the next year, analysts expect that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Farmers National Banc.
Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Farmers National Banc had a return on equity of 12.82% and a net margin of 27.42%. The firm had revenue of $26.49 million during the quarter, compared to analysts’ expectations of $26.79 million.
Several analysts have issued reports on the company. BidaskClub upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. ValuEngine upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Zacks Investment Research upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Friday, February 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.17.
In other news, CEO Kevin J. Helmick bought 2,861 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of $12.94 per share, with a total value of $37,021.34. Following the purchase, the chief executive officer now owns 70,072 shares in the company, valued at $906,731.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 3,772 shares of company stock worth $50,280. 8.66% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Farmers National Banc by 6.2% during the 4th quarter. BlackRock Inc. now owns 1,436,794 shares of the bank’s stock worth $18,305,000 after acquiring an additional 83,906 shares in the last quarter. Vanguard Group Inc lifted its stake in Farmers National Banc by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 1,074,254 shares of the bank’s stock worth $16,436,000 after acquiring an additional 19,047 shares in the last quarter. Vanguard Group Inc. lifted its stake in Farmers National Banc by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,074,254 shares of the bank’s stock worth $16,436,000 after acquiring an additional 19,047 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Farmers National Banc by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 749,987 shares of the bank’s stock worth $10,343,000 after acquiring an additional 50,727 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. lifted its stake in Farmers National Banc by 2.5% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 486,687 shares of the bank’s stock worth $6,711,000 after acquiring an additional 11,956 shares in the last quarter. 36.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FMNB traded down $0.32 during trading hours on Friday, hitting $14.33. 41,000 shares of the stock were exchanged, compared to its average volume of 29,061. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. Farmers National Banc has a 12-month low of $11.56 and a 12-month high of $16.90. The stock has a market capitalization of $404.35 million, a price-to-earnings ratio of 12.63 and a beta of 0.78.
About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.
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