Farmers National Banc (NASDAQ:FMNB) Posts Earnings Results, Misses Expectations By $0.12 EPS

Farmers National Banc (NASDAQ:FMNB) posted its quarterly earnings results on Wednesday. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12), Yahoo Finance reports. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million.

Farmers National Banc Trading Down 1.2 %

Shares of NASDAQ:FMNB traded down $0.17 during midday trading on Friday, hitting $13.69. 84,066 shares of the stock were exchanged, compared to its average volume of 94,306. The business’s 50-day moving average price is $14.88 and its 200 day moving average price is $13.55. Farmers National Banc has a 12 month low of $10.85 and a 12 month high of $16.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $514.06 million, a price-to-earnings ratio of 9.44 and a beta of 0.82.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.97%. Farmers National Banc’s dividend payout ratio is presently 46.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FMNB shares. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Finally, Raymond James increased their target price on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.67.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares of the company’s stock, valued at $430,602.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

About Farmers National Banc

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.