Farmers National Banc Corp (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, November 27th, RTT News reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.08 per share by the bank on Monday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, December 13th.
Farmers National Banc has increased its dividend by an average of 22.4% per year over the last three years. Farmers National Banc has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 25.6%.
Shares of FMNB opened at $12.85 on Friday. The firm has a market cap of $356.38 million, a PE ratio of 14.28 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. Farmers National Banc has a one year low of $12.55 and a one year high of $16.90.
A number of research analysts have recently commented on FMNB shares. Raymond James lowered their price target on Farmers National Banc from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Zacks Investment Research lowered Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine lowered Farmers National Banc from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, BidaskClub raised Farmers National Banc from a “strong sell” rating to a “sell” rating in a report on Saturday, December 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.00.
In other news, Director Edward Muransky bought 3,000 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $13.29 per share, with a total value of $39,870.00. Following the completion of the acquisition, the director now directly owns 20,246 shares in the company, valued at $269,069.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 3,972 shares of company stock worth $73,013. 9.11% of the stock is owned by corporate insiders.
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Farmers National Banc Company Profile
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, credit card, brokerage, and other services.
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