Farmers National Banc (NASDAQ:FMNB) Reaches New 52-Week High at $14.89

Farmers National Banc Corp. (NASDAQ:FMNB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.89 and last traded at $14.72, with a volume of 15564 shares trading hands. The stock had previously closed at $14.60.

Farmers National Banc Trading Up 1.9 %

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $12.50 and its 200 day moving average is $12.91. The stock has a market cap of $558.74 million, a PE ratio of 10.28 and a beta of 0.84.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Farmers National Banc had a return on equity of 15.68% and a net margin of 21.05%. The business had revenue of $40.04 million for the quarter, compared to analyst estimates of $42.46 million. As a group, analysts predict that Farmers National Banc Corp. will post 1.32 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, June 14th. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Institutional Investors Weigh In On Farmers National Banc

Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in shares of Farmers National Banc in the first quarter valued at about $73,000. True Wealth Design LLC purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at $89,000. Price T Rowe Associates Inc. MD purchased a new position in Farmers National Banc in the 1st quarter valued at about $140,000. Hunter Associates Investment Management LLC lifted its stake in shares of Farmers National Banc by 9.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock valued at $216,000 after buying an additional 1,282 shares during the period. Finally, Busey Bank acquired a new stake in Farmers National Banc during the second quarter worth approximately $224,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

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.