Farmers National Banc Corp (NASDAQ:FMNB) – Stock analysts at Piper Sandler dropped their Q1 2020 earnings per share estimates for Farmers National Banc in a research note issued on Tuesday, March 24th. Piper Sandler analyst R. Siefers now expects that the bank will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.30. Piper Sandler also issued estimates for Farmers National Banc’s Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.29 EPS, Q4 2020 earnings at $0.28 EPS, FY2020 earnings at $1.14 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.28 EPS, Q3 2021 earnings at $0.29 EPS, Q4 2021 earnings at $0.28 EPS and FY2021 earnings at $1.13 EPS.
Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $28.81 million for the quarter, compared to analyst estimates of $28.25 million. Farmers National Banc had a return on equity of 12.49% and a net margin of 27.38%.
A number of other equities research analysts also recently weighed in on the company. ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Investment Research downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, BidaskClub downgraded Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Friday, March 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.50.
Shares of FMNB stock opened at $12.04 on Thursday. Farmers National Banc has a 1-year low of $10.32 and a 1-year high of $16.50. The stock’s 50-day moving average is $14.47 and its 200 day moving average is $15.10. The company has a market cap of $320.27 million, a P/E ratio of 9.33 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.44 dividend on an annualized basis and a yield of 3.65%. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.10. Farmers National Banc’s dividend payout ratio (DPR) is presently 34.11%.
In other Farmers National Banc news, Director Terry A. Moore purchased 6,300 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $16.19 per share, with a total value of $101,997.00. Also, Director David Z. Paull purchased 2,000 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $15.84 per share, with a total value of $31,680.00. Following the acquisition, the director now owns 38,648 shares of the company’s stock, valued at approximately $612,184.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 24,280 shares of company stock worth $363,651. 8.71% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Farmers National Banc by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 346,698 shares of the bank’s stock worth $5,657,000 after acquiring an additional 18,533 shares in the last quarter. Walthausen & Co. LLC boosted its holdings in Farmers National Banc by 19.5% in the fourth quarter. Walthausen & Co. LLC now owns 98,470 shares of the bank’s stock worth $1,607,000 after acquiring an additional 16,080 shares in the last quarter. Zebra Capital Management LLC boosted its holdings in Farmers National Banc by 42.2% in the fourth quarter. Zebra Capital Management LLC now owns 22,964 shares of the bank’s stock worth $375,000 after acquiring an additional 6,813 shares in the last quarter. Bank of America Corp DE boosted its holdings in Farmers National Banc by 0.6% in the fourth quarter. Bank of America Corp DE now owns 181,424 shares of the bank’s stock worth $2,960,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Farmers National Banc by 39.3% in the fourth quarter. Bank of New York Mellon Corp now owns 177,742 shares of the bank’s stock worth $2,900,000 after acquiring an additional 50,183 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.
Farmers National Banc Company Profile
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.
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