Farmers National Banc (NASDAQ:FMNB) Releases Earnings Results, Misses Expectations By $0.12 EPS

Farmers National Banc (NASDAQ:FMNB) issued its earnings results on Wednesday. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), Yahoo Finance reports. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $42.90 million.

Farmers National Banc Price Performance

NASDAQ FMNB traded down $0.08 on Friday, hitting $13.78. The company had a trading volume of 20,534 shares, compared to its average volume of 93,999. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. The company’s fifty day moving average price is $14.88 and its 200-day moving average price is $13.55. The company has a market capitalization of $517.44 million, a PE ratio of 9.48 and a beta of 0.82. Farmers National Banc has a 12-month low of $10.85 and a 12-month high of $16.32.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.93%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Raymond James boosted their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average price target of $15.67.

Insider Activity

In related news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares of the company’s stock, valued at approximately $430,602.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now owns 27,116 shares in the company, valued at $430,602.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company 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.