Farmers National Banc (NASDAQ:FMNB – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08, FiscalAI reports. The business had revenue of $65.87 million during the quarter, compared to analyst estimates of $70.75 million.
Farmers National Banc Price Performance
Shares of NASDAQ:FMNB traded down $0.17 during midday trading on Wednesday, reaching $15.35. The company had a trading volume of 68,288 shares, compared to its average volume of 398,854. Farmers National Banc has a 1-year low of $12.12 and a 1-year high of $16.46. The business’s 50 day moving average price is $15.49 and its 200 day moving average price is $14.35.
Farmers National Banc Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a $0.18 dividend. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, September 11th.
Analyst Upgrades and Downgrades
FMNB has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Farmers National Banc in a research report on Monday. Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.00.
View Our Latest Research Report on Farmers National Banc
Insiders Place Their Bets
In related news, EVP Mark Wenick sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president directly owned 32,020 shares of the company’s stock, valued at approximately $511,359.40. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
About Farmers National Banc
Farmers National Banc Corp. is a bank holding company headquartered in Canfield, Ohio. Through its principal subsidiary, Farmers National Bank, the company provides community banking services to individuals, families and businesses.
Farmers National Bank offers deposit accounts, consumer and commercial lending, residential mortgages, online and mobile banking, treasury management and other financial services. The company also provides wealth management and trust services through Farmers Trust Company, as well as insurance-related services through its affiliated operations.
Founded in 1887, Farmers National Banc Corp.
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