Farmers National Banc Corp. (NASDAQ:FMNB) Announces $0.17 Quarterly Dividend

Farmers National Banc Corp. (NASDAQ:FMNBGet Free Report) declared a quarterly dividend on Tuesday, May 26th. Investors of record on Friday, June 12th will be paid a dividend of 0.17 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, June 12th.

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 dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Farmers National Banc to earn $1.75 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 38.9%.

Farmers National Banc Stock Performance

Shares of FMNB opened at $14.27 on Wednesday. The stock has a market capitalization of $845.07 million, a price-to-earnings ratio of 9.84 and a beta of 0.77. Farmers National Banc has a 12 month low of $12.12 and a 12 month high of $15.50. The firm has a fifty day simple moving average of $13.65 and a 200 day simple moving average of $13.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19.

Farmers National Banc (NASDAQ:FMNBGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. The firm had revenue of $56.26 million for the quarter, compared to analyst estimates of $55.30 million. Research analysts forecast that Farmers National Banc will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FMNB has been the topic of a number of recent research reports. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Zacks Research upgraded Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Piper Sandler upped their price objective on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Farmers National Banc has a consensus rating of “Hold” and a consensus price target of $16.00.

View Our Latest Stock Analysis on Farmers National Banc

Farmers National Banc Company Profile

(Get Free Report)

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.

See Also

Dividend History for Farmers National Banc (NASDAQ:FMNB)

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