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

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.17 per share by the bank on Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Friday, March 14th.

Farmers National Banc has increased its dividend by an average of 13.1% per year over the last three years. Farmers National Banc has a payout ratio of 43.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.55 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 43.9%.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $13.09 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The business has a fifty day simple moving average of $13.84 and a 200 day simple moving average of $14.57. The firm has a market cap of $492.03 million, a price-to-earnings ratio of 10.73 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. As a group, sell-side analysts predict that Farmers National Banc will post 1.45 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the sale, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gina A. Richardson purchased 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now owns 9,896 shares of the company’s stock, valued at $136,070. The trade was a 30.86 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FMNB shares. Piper Sandler lowered their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.