Farmers National Banc Corp. (NASDAQ:FMNB) Declares Dividend Increase – $0.18 Per Share

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, August 25th. Investors of record on Friday, September 11th will be given a dividend of 0.18 per share by the bank on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. This is a 5.9% increase from Farmers National Banc’s previous quarterly dividend of $0.17.

Farmers National Banc has raised its dividend by an average of 0.1%annually over the last three years. Farmers National Banc has a payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers National Banc to earn $1.76 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 38.6%.

Farmers National Banc Price Performance

Shares of FMNB opened at $15.62 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $15.12 and its 200 day simple moving average is $14.13. Farmers National Banc has a 1-year low of $12.12 and a 1-year high of $16.46. The company has a market cap of $925.45 million, a price-to-earnings ratio of 10.63 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The company had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. On average, research analysts forecast that Farmers National Banc will post 1.68 earnings per share for the current fiscal year.

About Farmers National Banc

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.