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

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, May 26th. Stockholders of record on Friday, June 12th will be given a dividend of 0.17 per share by the bank on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, June 12th.

Farmers National Banc has increased its dividend payment by an average of 0.1%annually over the last three years. Farmers National Banc has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers National Banc to earn $1.75 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 38.9%.

Farmers National Banc Stock Up 0.9%

NASDAQ:FMNB opened at $14.27 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. Farmers National Banc has a 12-month low of $12.12 and a 12-month high of $15.50. The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $13.50. The firm has a market capitalization of $845.07 million, a P/E ratio of 9.84 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The business had revenue of $56.26 million during the quarter, compared to the consensus estimate of $55.30 million. Equities research analysts expect that Farmers National Banc will post 1.62 earnings per share for the current year.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.