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

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, December 13th.

Farmers National Banc has raised its dividend by an average of 15.6% per year over the last three years. Farmers National Banc has a payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

FMNB stock opened at $15.69 on Thursday. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The firm has a market capitalization of $589.79 million, a P/E ratio of 12.76 and a beta of 0.83. The company has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $14.01. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company 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%. Analysts anticipate that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $529,230. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Farmers National Banc Company Profile

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.