Farmers National Banc (NASDAQ:FMNB) Posts Earnings Results, Beats Estimates By $0.08 EPS

Farmers National Banc (NASDAQ:FMNB) posted its quarterly earnings data on Wednesday. The bank reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08, FiscalAI reports. The company had revenue of $65.87 million for the quarter, compared to analysts’ expectations of $70.75 million.

Farmers National Banc Trading Down 1.1%

Shares of FMNB stock traded down $0.17 on Wednesday, reaching $15.35. 68,288 shares of the stock were exchanged, compared to its average volume of 398,854. Farmers National Banc has a one year low of $12.12 and a one year high of $16.46. The stock has a 50 day moving average price of $15.49 and a 200 day moving average price of $14.35.

Farmers National Banc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 11th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FMNB shares. Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Farmers National Banc in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.00.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, EVP Mark Wenick sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $15.97, for a total transaction of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares in the company, valued at approximately $511,359.40. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

About Farmers National Banc

Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Through its principal subsidiary, Farmers National Bank, the company provides community banking services to individuals, families and businesses.

Farmers National Bank offers deposit accounts, consumer and commercial lending, residential mortgages, online and mobile banking, treasury management and other financial services. The company also provides wealth management and trust services through Farmers Trust Company, as well as insurance-related services through its affiliated operations.

Founded in 1887, Farmers National Banc Corp.