Farmers National Banc Corp. (FMNB) To Go Ex-Dividend on December 12th

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, November 25th. Stockholders of record on Friday, December 12th will be given a dividend of 0.17 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, December 12th.

Farmers National Banc has raised its dividend payment by an average of 0.1%per year over the last three years. Farmers National Banc has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.2%

FMNB opened at $13.60 on Thursday. Farmers National Banc has a 12-month low of $11.58 and a 12-month high of $16.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $512.08 million, a PE ratio of 9.44 and a beta of 0.85. The firm’s fifty day moving average price is $13.72 and its 200 day moving average price is $13.85.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $47.74 million during the quarter, compared to analyst estimates of $48.00 million. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.82%. As a group, research analysts expect that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler started coverage on Farmers National Banc in a report on Friday, November 21st. They issued a “neutral” rating and a $14.00 price objective for the company. Zacks Research lowered Farmers National Banc from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Tuesday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.50.

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.