Farmers National Banc (NASDAQ:FMNB) Announces Earnings Results

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings results on Wednesday. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08, FiscalAI reports. Farmers National Banc had a net margin of 19.50% and a return on equity of 13.03%. The company had revenue of $56.26 million for the quarter, compared to analyst estimates of $55.30 million.

Farmers National Banc Price Performance

FMNB stock opened at $13.92 on Thursday. The company has a market capitalization of $525.33 million, a P/E ratio of 9.60 and a beta of 0.76. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $15.50. The business has a 50 day simple moving average of $13.21 and a 200-day simple moving average of $13.44. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.18.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, February 13th. Farmers National Banc’s dividend payout ratio is presently 46.90%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, Director Edward Muransky bought 40,000 shares of Farmers National Banc stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $12.74 per share, with a total value of $509,600.00. Following the completion of the acquisition, the director owned 196,020 shares of the company’s stock, valued at approximately $2,497,294.80. This represents a 25.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 41,672 shares of company stock valued at $530,974 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of Farmers National Banc during the fourth quarter worth $2,707,000. Millennium Management LLC lifted its holdings in shares of Farmers National Banc by 231.9% during the fourth quarter. Millennium Management LLC now owns 263,553 shares of the bank’s stock worth $3,511,000 after purchasing an additional 184,155 shares during the period. First Trust Advisors LP lifted its holdings in shares of Farmers National Banc by 454.6% during the third quarter. First Trust Advisors LP now owns 137,655 shares of the bank’s stock worth $1,984,000 after purchasing an additional 112,834 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Farmers National Banc by 139.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 190,714 shares of the bank’s stock worth $2,540,000 after purchasing an additional 111,027 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Farmers National Banc by 109.2% during the fourth quarter. Empowered Funds LLC now owns 143,728 shares of the bank’s stock worth $1,914,000 after purchasing an additional 75,009 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FMNB shares. Piper Sandler lowered their price target on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Wall Street Zen downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Zacks Research raised Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Farmers National Banc currently has an average rating of “Hold” and a consensus target price of $14.00.

Farmers National Banc Company Profile

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.