Farmers National Banc Corp. (FMNB) To Go Ex-Dividend on June 12th

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, May 26th. Investors of record on Friday, June 12th will be paid a dividend of 0.17 per share by the bank on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, June 12th.

Farmers National Banc has raised its dividend by an average of 0.1%annually over the last three years. Farmers National Banc has a payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.75 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 38.9%.

Farmers National Banc Price Performance

Shares of FMNB opened at $14.19 on Thursday. Farmers National Banc has a 12-month low of $12.12 and a 12-month high of $15.50. The business’s fifty day moving average is $13.69 and its 200 day moving average is $13.51. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. The stock has a market cap of $840.33 million, a P/E ratio of 9.79 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. The business had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $55.30 million. Sell-side analysts anticipate that Farmers National Banc will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FMNB has been the topic of several recent research reports. Piper Sandler raised their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded Farmers National Banc from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.