Farmers National Banc Corp. (FMNB) To Go Ex-Dividend on September 11th

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.18 per share by the bank on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, September 11th. This is a 5.9% increase from Farmers National Banc’s previous quarterly dividend of $0.17.

Farmers National Banc has raised its dividend by an average of 0.1%per year over the last three years. Farmers National Banc has a payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Farmers National Banc to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 40.9%.

Farmers National Banc Stock Down 1.5%

NASDAQ:FMNB opened at $15.83 on Wednesday. Farmers National Banc has a 52 week low of $12.12 and a 52 week high of $16.46. The stock’s fifty day moving average is $15.39 and its two-hundred day moving average is $14.30. The stock has a market capitalization of $937.93 million, a price-to-earnings ratio of 10.77 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Farmers National Banc had a return on equity of 12.03% and a net margin of 20.52%. Research analysts anticipate that Farmers National Banc will post 1.68 EPS for the current year.

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.