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

Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly dividend on Tuesday, May 26th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.17 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, June 12th.

Farmers National Banc has raised its dividend payment by an average of 0.1%per year over the last three years. Farmers National Banc has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.3%

Farmers National Banc stock opened at $14.23 on Wednesday. The company has a market capitalization of $842.58 million, a P/E ratio of 9.83 and a beta of 0.77. Farmers National Banc has a 1-year low of $12.12 and a 1-year high of $15.50. The firm’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $13.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19.

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