Farmers National Banc Corp. (FMNB) to Issue Quarterly Dividend of $0.17 on December 31st

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, November 26th,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 raised its dividend payment by an average of 15.6% annually over the last three years. Farmers National Banc has a 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 Performance

Shares of Farmers National Banc stock traded down $0.09 during trading hours on Thursday, reaching $15.69. 41,077 shares of the stock traded hands, compared to its average volume of 93,806. 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 firm has a market capitalization of $589.79 million, a price-to-earnings ratio of 12.76 and a beta of 0.83. The company has a 50 day moving average price of $14.85 and a 200 day moving average price of $14.01. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32.

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

Analyst Upgrades and Downgrades

FMNB has been the subject of several research analyst reports. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

Insiders Place Their Bets

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s 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 transaction, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.00% 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.