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

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.17 per share by the bank on Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, March 14th.

Farmers National Banc has increased its dividend by an average of 13.1% annually over the last three years. Farmers National Banc has a payout ratio of 43.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Farmers National Banc to earn $1.55 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 43.9%.

Farmers National Banc Stock Down 0.4 %

Shares of Farmers National Banc stock traded down $0.06 on Thursday, hitting $14.35. The company had a trading volume of 52,318 shares, compared to its average volume of 76,914. The stock has a market capitalization of $539.39 million, a price-to-earnings ratio of 11.76 and a beta of 0.86. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The stock has a 50 day moving average of $13.90 and a 200-day moving average of $14.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. As a group, sell-side analysts forecast that Farmers National Banc will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

FMNB has been the subject of several research reports. Piper Sandler reduced their price objective on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Insider Buying and Selling at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by corporate insiders.

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.