Farmers National Banc (NASDAQ:FMNB) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings data on Wednesday. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), Yahoo Finance reports. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. The company had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million.

Farmers National Banc Stock Down 0.9 %

FMNB stock traded down $0.12 on Friday, reaching $13.74. 16,108 shares of the company traded hands, compared to its average volume of 93,978. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $13.55. Farmers National Banc has a one year low of $10.85 and a one year high of $16.32. The company has a market cap of $515.94 million, a P/E ratio of 9.56 and a beta of 0.82.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.95%. Farmers National Banc’s payout ratio is currently 46.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James upped their price target on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.67.

Insider Transactions at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the completion of the sale, the executive vice president now owns 27,116 shares of the company’s stock, valued at $430,602.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.