Farmers National Banc Corp. to Issue Quarterly Dividend of $0.17 (NASDAQ:FMNB)
Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend of $0.17 per share, payable on December 31st to shareholders of record on December 12th. The dividend yield is 5.0%, with a payout ratio of 43.0%. Analysts expect the company to earn $1.55 per share next year, maintaining its dividend coverage. The stock has a Hold rating from analysts, with a consensus price target of $14.50.
Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) declared a quarterly dividend on Tuesday, November 25th. Shareholders of record on Friday, December 12th will be given a dividend of 0.17 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, December 12th.
Farmers National Banc has increased its dividend by an average of 0.1%annually over the last three years. Farmers National Banc has a dividend payout ratio of 43.0% 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%.
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Farmers National Banc Stock Performance
Shares of FMNB stock traded down $0.05 during trading on Wednesday, reaching $13.52. The company had a trading volume of 24,411 shares, compared to its average volume of 107,241. Farmers National Banc has a one year low of $11.58 and a one year high of $16.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $509.07 million, a PE ratio of 9.38 and a beta of 0.85. The firm's 50 day simple moving average is $13.74 and its two-hundred day simple moving average is $13.85.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The bank reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The business had revenue of $47.74 million for the quarter, compared to analyst estimates of $48.00 million. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.82%. Sell-side analysts forecast that Farmers National Banc will post 1.45 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have commented on FMNB. Weiss Ratings reiterated a "hold (c+)" rating on shares of Farmers National Banc in a research report on Wednesday, November 19th. Zacks Research cut Farmers National Banc from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Piper Sandler assumed coverage on Farmers National Banc in a research note on Friday. They set a "neutral" rating and a $14.00 price objective for the company. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $14.50.
View Our Latest Research Report on Farmers National Banc
About Farmers National Banc
(Get Free Report)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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