Farmers National Banc (FMNB) Projected to Post Earnings on Wednesday

Farmers National Banc (NASDAQ:FMNB) will likely be releasing its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Farmers National Banc to post earnings of $0.34 per share and revenue of $44,000.00 billion for the quarter.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. On average, analysts expect Farmers National Banc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Farmers National Banc Price Performance

NASDAQ FMNB traded up $0.20 during trading hours on Wednesday, reaching $13.41. 70,858 shares of the company’s stock were exchanged, compared to its average volume of 90,229. The firm has a fifty day moving average of $14.88 and a 200-day moving average of $14.60. Farmers National Banc has a one year low of $11.55 and a one year high of $16.32. The stock has a market cap of $504.06 million, a PE ratio of 10.90 and a beta of 0.86. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Friday, December 13th. Farmers National Banc’s payout ratio is presently 55.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FMNB. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a report on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

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.