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

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.17 per share by the bank on Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, December 13th.

Farmers National Banc has increased its dividend payment by an average of 15.6% annually over the last three years. Farmers National Banc has a payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Farmers National Banc to earn $1.44 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 47.2%.

Farmers National Banc Stock Down 0.6 %

NASDAQ:FMNB opened at $15.69 on Thursday. Farmers National Banc has a 1-year low of $11.55 and a 1-year 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 has a market capitalization of $589.79 million, a P/E ratio of 12.76 and a beta of 0.83. The company’s fifty day moving average price is $14.85 and its 200-day moving average price is $14.01.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, equities research analysts anticipate that Farmers National Banc will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FMNB. Piper Sandler reissued a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.67.

Insiders Place Their Bets

In related news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc 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 in the company, valued at approximately $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.