Farmers National Banc Corp. (FMNB) To Go Ex-Dividend on September 11th

Farmers National Banc Corp. (NASDAQ:FMNB – Get Free Report) declared a quarterly dividend on Tuesday, August 25th. Investors of record on Friday, September 11th will be given a dividend of 0.18 per share by the bank on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. This is a 5.9% increase from Farmers National Banc’s previous quarterly dividend of $0.17.

Farmers National Banc has raised its dividend payment by an average of 0.1%per year over the last three years. Farmers National Banc has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.76 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 38.6%.

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Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $15.66 on Thursday. Farmers National Banc has a 12 month low of $12.12 and a 12 month high of $16.46. The firm has a market capitalization of $927.86 million, a P/E ratio of 10.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $15.15 and its 200 day moving average price is $14.15.

Farmers National Banc (NASDAQ:FMNB – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. As a group, sell-side analysts predict that Farmers National Banc will post 1.68 earnings per share for the current fiscal year.

About Farmers National Banc

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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.

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