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

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) 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 4.69%. The ex-dividend date of this dividend is Friday, March 14th.

Farmers National Banc has increased its dividend payment by an average of 13.1% annually over the last three years. Farmers National Banc has a dividend payout ratio of 43.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NASDAQ FMNB traded up $0.02 during mid-day trading on Monday, hitting $14.51. The company had a trading volume of 92,499 shares, compared to its average volume of 77,577. The stock has a market cap of $545.40 million, a price-to-earnings ratio of 11.89 and a beta of 0.86. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The firm's 50 day simple moving average is $13.91 and its two-hundred day simple moving average is $14.61.

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

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Insider Activity

In other news, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on FMNB shares. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Piper Sandler lowered their target price on 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.

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.