Farmers National Banc (NASDAQ:FMNB) Issues Earnings Results

Farmers National Banc (NASDAQ:FMNB - Get Free Report) issued its earnings results on Wednesday. The bank reported $0.23 earnings per share 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 company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million.

Farmers National Banc Stock Performance

NASDAQ FMNB traded down $0.17 during trading hours on Friday, hitting $13.69. The company's stock had a trading volume of 84,066 shares, compared to its average volume of 94,306. The company's 50 day simple moving average is $14.88 and its two-hundred day simple moving average is $13.55. The company has a market cap of $514.06 million, a P/E ratio of 9.44 and a beta of 0.82. 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 current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, September 13th. Farmers National Banc's payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Farmers National Banc

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