$41.63 Million in Sales Expected for Farmers National Banc Corp. (NASDAQ:FMNB) This Quarter

Equities research analysts forecast that Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) will report $41.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Farmers National Banc’s earnings. The highest sales estimate is $42.00 million and the lowest is $41.20 million. Farmers National Banc posted sales of $36.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Farmers National Banc will report full year sales of $177.10 million for the current fiscal year, with estimates ranging from $176.10 million to $178.00 million. For the next financial year, analysts forecast that the company will report sales of $205.80 million, with estimates ranging from $203.00 million to $209.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Farmers National Banc.

Farmers National Banc (NASDAQ:FMNBGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Farmers National Banc had a return on equity of 16.27% and a net margin of 31.61%.

A number of research firms have recently commented on FMNB. Raymond James dropped their price objective on Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, February 3rd. StockNews.com began coverage on Farmers National Banc in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, March 31st.

FMNB traded up $0.16 during mid-day trading on Friday, hitting $15.17. 599 shares of the stock were exchanged, compared to its average volume of 83,916. The firm’s fifty day moving average is $16.04 and its two-hundred day moving average is $17.37. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. Farmers National Banc has a 1-year low of $14.47 and a 1-year high of $20.00. The company has a market cap of $515.90 million, a PE ratio of 8.53 and a beta of 0.94.

In other news, Director Frank J. Monaco purchased 12,000 shares of the firm’s stock in a transaction on Friday, April 29th. The stock was bought at an average cost of $15.40 per share, for a total transaction of $184,800.00. Following the completion of the acquisition, the director now directly owns 18,618 shares of the company’s stock, valued at $286,717.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward Muransky bought 1,440 shares of Farmers National Banc stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average price of $1,440.00 per share, with a total value of $2,073,600.00. Following the purchase, the director now owns 103,627 shares of the company’s stock, valued at approximately $149,222,880. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 27,006 shares of company stock worth $2,463,473. 8.14% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Farmers National Banc by 8.1% in the 1st quarter. BlackRock Inc. now owns 2,170,434 shares of the bank’s stock valued at $37,027,000 after purchasing an additional 162,721 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Farmers National Banc by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 908,849 shares of the bank’s stock worth $16,859,000 after acquiring an additional 5,408 shares during the period. State Street Corp lifted its holdings in shares of Farmers National Banc by 8.9% during the 1st quarter. State Street Corp now owns 616,986 shares of the bank’s stock worth $10,526,000 after acquiring an additional 50,337 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Farmers National Banc by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 498,914 shares of the bank’s stock worth $9,254,000 after acquiring an additional 52,659 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Farmers National Banc by 1.1% during the 1st quarter. LSV Asset Management now owns 475,920 shares of the bank’s stock worth $8,119,000 after acquiring an additional 5,298 shares during the period. Institutional investors and hedge funds own 38.56% of the company’s stock.

About Farmers National Banc (Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, MasterCard and Visa credit cards, brokerage, and other services.

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Earnings History and Estimates for Farmers National Banc (NASDAQ:FMNB)

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