Farmers National Banc Corp. to Issue Quarterly Dividend of $0.17 (NASDAQ:FMNB)

Farmers National Banc Corp. (NASDAQ:FMNB) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.17 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, February 13th.

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% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Farmers National Banc Trading Down 7.9%

NASDAQ:FMNB traded down $1.07 during trading hours on Wednesday, reaching $12.52. 206,662 shares of the company were exchanged, compared to its average volume of 223,484. The firm has a market cap of $471.38 million, a price-to-earnings ratio of 8.72 and a beta of 0.85. The stock has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $13.91. Farmers National Banc has a 52-week low of $11.58 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, February 4th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The firm had revenue of $49.89 million during the quarter. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.49%. As a group, analysts predict that Farmers National Banc will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler began coverage on shares of Farmers National Banc in a research report on Friday, November 21st. They issued a “neutral” rating and a $14.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.50.

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.