Farmers National Banc Corp (NASDAQ:FMNB) Declares Quarterly Dividend of $0.07

Farmers National Banc Corp (NASDAQ:FMNB) declared a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 9th will be given a dividend of 0.07 per share by the bank on Friday, March 30th. This represents a $0.28 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, March 8th. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.06.

Farmers National Banc stock traded down $0.30 during midday trading on Thursday, hitting $13.85. 61,874 shares of the company were exchanged, compared to its average volume of 37,514. The firm has a market capitalization of $384.21, a PE ratio of 16.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.86 and a current ratio of 0.86. Farmers National Banc has a fifty-two week low of $12.65 and a fifty-two week high of $15.95.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Farmers National Banc had a return on equity of 10.72% and a net margin of 21.72%. The firm had revenue of $25.12 million for the quarter, compared to analyst estimates of $25.90 million. analysts forecast that Farmers National Banc will post 1.12 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Raymond James Financial upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating in a report on Tuesday. ValuEngine upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price objective on shares of Farmers National Banc in a report on Friday, December 22nd. Finally, BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.33.

In other news, Director Edward Muransky purchased 6,850 shares of the stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $102,681.50. Following the acquisition, the director now owns 23,934 shares of the company’s stock, valued at $358,770.66. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 8,202 shares of company stock valued at $121,622 over the last quarter. Company insiders own 9.11% of the company’s stock.

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Farmers National Banc Company Profile

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

Dividend History for Farmers National Banc (NASDAQ:FMNB)

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