Farmers National Banc (NASDAQ:FMNB) Issues Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB - Get Free Report) issued its earnings results on Wednesday. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05, Zacks reports. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. The business had revenue of $44.68 million during the quarter, compared to analysts' expectations of $45.10 million.

Farmers National Banc Stock Down 0.3 %

NASDAQ:FMNB traded down $0.04 during midday trading on Monday, reaching $12.66. 41,581 shares of the stock traded hands, compared to its average volume of 90,884. The business has a 50-day moving average of $13.28 and a two-hundred day moving average of $14.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc has a 12-month low of $11.55 and a 12-month high of $16.32. The stock has a market capitalization of $476.21 million, a PE ratio of 10.38 and a beta of 0.77.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Friday, March 14th. Farmers National Banc's payout ratio is currently 53.13%.

Analysts Set New Price Targets

FMNB has been the topic of a number of research reports. Raymond James reissued an "outperform" rating and set a $15.00 target price (down previously from $17.00) on shares of Farmers National Banc in a research report on Monday. Piper Sandler dropped 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.

Insider Transactions at Farmers National Banc

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

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.