Farmers National Banc (NASDAQ:FMNB) Releases Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB) announced its earnings results on Wednesday. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04, FiscalAI reports. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The company had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million.

Farmers National Banc Stock Performance

FMNB opened at $14.58 on Wednesday. Farmers National Banc has a 1-year low of $12.12 and a 1-year high of $15.50. The stock has a market cap of $863.43 million, a P/E ratio of 10.06 and a beta of 0.77. The stock’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $13.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.17 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FMNB. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler increased their target price 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. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.00.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Michael C. Voinovich sold 23,309 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock worth $283,000 after purchasing an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock valued at $368,000 after purchasing an additional 940 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,083 shares in the last quarter. First Trust Advisors LP lifted its holdings in Farmers National Banc by 6.2% in the 2nd quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock valued at $342,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Farmers National Banc by 49.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

About Farmers National Banc

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.