Farmers National Banc (NASDAQ:FMNB – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33, Zacks reports. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. The firm had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million.
Farmers National Banc Stock Up 8.1 %
Shares of FMNB traded up $1.21 during mid-day trading on Thursday, hitting $16.09. The company’s stock had a trading volume of 244,356 shares, compared to its average volume of 98,970. The company’s 50-day moving average is $12.66 and its 200-day moving average is $12.95. Farmers National Banc has a 52-week low of $10.38 and a 52-week high of $16.29. The firm has a market capitalization of $604.18 million, a price-to-earnings ratio of 11.10 and a beta of 0.84. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22.
Farmers National Banc Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.68 annualized dividend and a yield of 4.23%. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.
Wall Street Analyst Weigh In
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Farmers National Banc Company Profile
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.
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