Farmers National Banc (FMNB) Set to Announce Earnings on Wednesday

Farmers National Banc (NASDAQ:FMNB) is scheduled to be posting its quarterly earnings results on Wednesday, April 24th.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $44.99 million during the quarter, compared to analyst estimates of $43.65 million. Farmers National Banc had a return on equity of 16.91% and a net margin of 19.57%. 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 Stock Up 0.4 %

Shares of Farmers National Banc stock opened at $12.46 on Tuesday. The firm has a market cap of $467.87 million, a price-to-earnings ratio of 9.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.72 and a quick ratio of 0.72. Farmers National Banc has a 52-week low of $10.38 and a 52-week high of $14.75. The stock has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $12.95.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Thursday, March 7th. Farmers National Banc’s payout ratio is 50.75%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Farmers National Banc from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Raymond James raised Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Friday, January 5th. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Piper Sandler started coverage on Farmers National Banc in a research report on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.33.

Insider Activity at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 4,004 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.21, for a total value of $56,896.84. Following the sale, the executive vice president now owns 33,157 shares of the company’s stock, valued at approximately $471,160.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased a total of 1,528 shares of company stock valued at $21,180 in the last 90 days. 4.00% of the stock is owned by corporate insiders.

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.