Farmers National Banc (NASDAQ:FMNB) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Farmers National Banc (NASDAQ:FMNB) announced its quarterly earnings data on Wednesday. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05, Zacks reports. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%.

Farmers National Banc Trading Up 0.9 %

Farmers National Banc stock opened at $13.84 on Wednesday. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $520.06 million, a price-to-earnings ratio of 11.34 and a beta of 0.86. The company has a 50 day moving average price of $14.48 and a 200 day moving average price of $14.67.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.92%. Farmers National Banc’s dividend payout ratio is currently 55.28%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Piper Sandler restated a “neutral” rating and issued a $17.00 price target on shares of Farmers National Banc in a research report on Thursday, November 21st.

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.