Farmers National Banc (NASDAQ:FMNB) Releases Quarterly Earnings Results

Farmers National Banc (NASDAQ:FMNB) issued its quarterly earnings results on Wednesday. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07), FiscalAI reports. Farmers National Banc had a net margin of 19.57% and a return on equity of 13.49%. The firm had revenue of $49.89 million during the quarter.

Farmers National Banc Stock Performance

Shares of FMNB traded down $0.75 during trading hours on Wednesday, hitting $12.84. The company had a trading volume of 103,843 shares, compared to its average volume of 218,237. The business has a fifty day moving average of $13.67 and a 200-day moving average of $13.91. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The firm has a market cap of $483.43 million, a price-to-earnings ratio of 8.95 and a beta of 0.85. Farmers National Banc has a 12 month low of $11.58 and a 12 month high of $15.50.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 5.3%. Farmers National Banc’s dividend payout ratio is presently 47.22%.

Wall Street Analyst Weigh In

Several research analysts recently commented on FMNB shares. Piper Sandler assumed coverage on Farmers National Banc in a research report on Friday, November 21st. They set a “neutral” rating and a $14.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Farmers National Banc by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock valued at $30,655,000 after acquiring an additional 52,854 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Farmers National Banc by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,235,427 shares of the bank’s stock worth $17,802,000 after purchasing an additional 5,871 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Farmers National Banc by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 419,077 shares of the bank’s stock worth $5,779,000 after purchasing an additional 2,880 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Farmers National Banc by 42.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 220,076 shares of the bank’s stock worth $3,171,000 after purchasing an additional 65,569 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Farmers National Banc by 454.6% in the third quarter. First Trust Advisors LP now owns 137,655 shares of the bank’s stock valued at $1,984,000 after buying an additional 112,834 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.