Farmers National Banc Corp. (FMNB) to Issue Quarterly Dividend of $0.17 on June 30th

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, May 26th. Shareholders of record on Friday, June 12th will be given a dividend of 0.17 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, June 12th.

Farmers National Banc has raised its dividend payment by an average of 0.1%annually over the last three years. Farmers National Banc has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ:FMNB opened at $14.39 on Wednesday. The stock has a 50-day simple moving average of $13.94 and a two-hundred day simple moving average of $13.57. Farmers National Banc has a 52-week low of $12.12 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $852.18 million, a PE ratio of 9.92 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The business had revenue of $56.26 million during the quarter, compared to analyst estimates of $55.30 million. Analysts forecast that Farmers National Banc will post 1.62 EPS for the current year.

Analysts Set New Price Targets

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