Farmers National Banc Corp. (NASDAQ:FMNB) Plans $0.17 Quarterly Dividend

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.17 per share by the bank on Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, December 13th.

Farmers National Banc has increased its dividend by an average of 15.6% annually over the last three years. Farmers National Banc has a dividend payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 47.2%.

Farmers National Banc Stock Down 0.6 %

Shares of NASDAQ:FMNB traded down $0.09 during trading on Wednesday, reaching $15.69. 41,077 shares of the stock were exchanged, compared to its average volume of 93,792. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32. The stock has a fifty day moving average of $14.84 and a two-hundred day moving average of $14.00. The firm has a market cap of $589.79 million, a price-to-earnings ratio of 12.83 and a beta of 0.83.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. Research analysts anticipate that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FMNB shares. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Insider Activity

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. This represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

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.