Farmers National Banc (NASDAQ:FMNB) Releases Earnings Results

Farmers National Banc (NASDAQ:FMNB) announced its quarterly earnings data on Wednesday. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Zacks reports. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. The firm had revenue of $44.68 million during the quarter, compared to analysts’ expectations of $45.10 million.

Farmers National Banc Stock Performance

Shares of NASDAQ:FMNB opened at $12.44 on Thursday. The firm has a fifty day simple moving average of $13.34 and a two-hundred day simple moving average of $14.11. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $467.93 million, a P/E ratio of 10.20 and a beta of 0.77.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Friday, March 14th. Farmers National Banc’s payout ratio is 55.74%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FMNB. Piper Sandler dropped their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Insider Buying and Selling at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares of the company’s stock, valued at approximately $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gina A. Richardson acquired 2,334 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, the director now owns 9,896 shares of the company’s stock, valued at $136,070. This represents a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

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.