Farmers National Banc (NASDAQ:FMNB) Issues Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB) issued its earnings results on Wednesday. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07), FiscalAI reports. The company had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%.

Farmers National Banc Trading Up 2.3%

Shares of NASDAQ FMNB traded up $0.29 during midday trading on Friday, reaching $13.14. 24,799 shares of the stock were exchanged, compared to its average volume of 253,335. The stock has a 50 day moving average price of $13.67 and a 200-day moving average price of $13.90. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $494.76 million, a P/E ratio of 9.06 and a beta of 0.85. Farmers National Banc has a 52-week low of $11.58 and a 52-week high of $15.50.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, February 13th. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. Piper Sandler cut their price target on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after purchasing an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after buying an additional 1,487 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Farmers National Banc in the 2nd quarter worth about $128,000. Walleye Capital LLC purchased a new stake in Farmers National Banc in the 2nd quarter valued at about $139,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Farmers National Banc during the 3rd quarter valued at about $147,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.