Farmers National Banc Corp (NASDAQ:FMNB) announced a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.07 per share by the bank on Friday, March 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.06.
Shares of Farmers National Banc (NASDAQ FMNB) traded down $0.05 during mid-day trading on Wednesday, reaching $14.20. 29,100 shares of the company’s stock were exchanged, compared to its average volume of 40,299. The company has a market cap of $392.50, a price-to-earnings ratio of 15.66 and a beta of 0.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Farmers National Banc has a fifty-two week low of $12.65 and a fifty-two week high of $15.95.
Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $25.12 million during the quarter, compared to analyst estimates of $25.90 million. Farmers National Banc had a net margin of 21.72% and a return on equity of 10.89%. research analysts anticipate that Farmers National Banc will post 1.12 EPS for the current year.
A number of brokerages have commented on FMNB. ValuEngine upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, January 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price target on shares of Farmers National Banc in a research note on Friday, December 22nd. Finally, BidaskClub lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.
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Farmers National Banc Company Profile
Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).
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