Farmers National Banc Corp. (NASDAQ:FMNB) Announces Quarterly Dividend of $0.17

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.17 per share by the bank on Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Friday, September 13th.

Farmers National Banc has increased its dividend by an average of 15.6% annually over the last three years. Farmers National Banc has a dividend payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Farmers National Banc to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 47.6%.

Farmers National Banc Price Performance

FMNB traded up $0.02 during trading on Thursday, reaching $15.33. 7,224 shares of the stock were exchanged, compared to its average volume of 97,034. Farmers National Banc has a 1 year low of $10.38 and a 1 year high of $16.32. The company has a market capitalization of $575.64 million, a price-to-earnings ratio of 10.60 and a beta of 0.84. The business’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $13.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. The company had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million. As a group, equities research analysts anticipate that Farmers National Banc will post 1.37 earnings per share for the current year.

Insider Activity at Farmers National Banc

In related news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FMNB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James boosted their price target on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and a consensus price target of $15.67.

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.