Farmers National Banc Corp. (NASDAQ:FMNB) Declares Quarterly Dividend of $0.18

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 4.6%. 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 dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research 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 $0.68 annual dividend with an expected future payout ratio of 38.6%.

Farmers National Banc Price Performance

NASDAQ:FMNB opened at $15.62 on Wednesday. The firm has a market capitalization of $925.45 million, a price-to-earnings ratio of 10.63 and a beta of 0.76. Farmers National Banc has a 1 year low of $12.12 and a 1 year high of $16.46. The business has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $14.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm 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%. Equities analysts forecast that Farmers National Banc will post 1.68 EPS for the current year.

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.