Farmers National Banc Corp. (FMNB) To Go Ex-Dividend on June 13th

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, May 27th, RTT News reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.17 per share by the bank on Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, June 13th.

Farmers National Banc has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.55 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 43.9%.

Farmers National Banc Stock Performance

Shares of Farmers National Banc stock opened at $13.66 on Wednesday. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $13.03 and a 200-day moving average price of $13.71. The company has a market cap of $513.82 million, a PE ratio of 11.20 and a beta of 0.81.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. The business had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.10 million. Equities analysts anticipate that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “outperform” rating and issued a $15.00 target price (down previously from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

Hedge Funds Weigh In On Farmers National Banc

A number of hedge funds and other institutional investors have recently modified their holdings of FMNB. Jane Street Group LLC purchased a new stake in shares of Farmers National Banc during the first quarter valued at approximately $830,000. AQR Capital Management LLC grew its stake in Farmers National Banc by 94.6% in the 1st quarter. AQR Capital Management LLC now owns 27,870 shares of the bank’s stock valued at $364,000 after purchasing an additional 13,548 shares during the period. Empowered Funds LLC increased its position in shares of Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank’s stock valued at $497,000 after purchasing an additional 12,735 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

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.