Farmers National Banc (NASDAQ:FMNB) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Farmers National Banc (NASDAQ:FMNB) released its quarterly earnings results on Wednesday. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05, Zacks reports. Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%.

Farmers National Banc Stock Up 2.6 %

Shares of NASDAQ:FMNB opened at $14.07 on Thursday. The firm has a market cap of $528.89 million, a PE ratio of 11.44 and a beta of 0.86. The company has a fifty day simple moving average of $14.48 and a 200 day simple moving average of $14.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc has a 12-month low of $11.55 and a 12-month high of $16.32.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Friday, December 13th. Farmers National Banc’s dividend payout ratio (DPR) is currently 55.28%.

Analyst Ratings Changes

A number of research firms have recently commented on FMNB. Piper Sandler reissued a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

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.