Farmers National Banc (NASDAQ:FMNB – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07, FiscalAI reports. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $70.44 million for the quarter, compared to analysts’ expectations of $70.10 million.
Farmers National Banc Price Performance
Shares of NASDAQ FMNB opened at $15.00 on Thursday. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $15.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $14.33 and a two-hundred day moving average of $13.71. The company has a market capitalization of $888.30 million, a price-to-earnings ratio of 10.34 and a beta of 0.77.
Farmers National Banc Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, June 12th. Farmers National Banc’s dividend payout ratio is presently 46.90%.
Insider Activity at Farmers National Banc
Institutional Investors Weigh In On Farmers National Banc
Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after purchasing an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Farmers National Banc by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock valued at $368,000 after buying an additional 940 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after buying an additional 1,083 shares in the last quarter. First Trust Advisors LP increased its holdings in Farmers National Banc by 6.2% in the second quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock worth $342,000 after buying an additional 1,458 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Farmers National Banc by 49.0% in the second 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. 38.72% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings upgraded shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Piper Sandler upped their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.00.
Get Our Latest Stock Analysis on Farmers National Banc
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.
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