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

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

Farmers National Banc Stock Down 1.2 %

Shares of FMNB traded down $0.17 during midday trading on Friday, hitting $13.69. 84,091 shares of the company’s stock traded hands, compared to its average volume of 94,306. Farmers National Banc has a 1 year low of $10.85 and a 1 year high of $16.32. The firm’s fifty day moving average is $14.88 and its 200-day moving average is $13.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $514.06 million, a price-to-earnings ratio of 9.44 and a beta of 0.82.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.97%. Farmers National Banc’s dividend payout ratio is presently 46.90%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Raymond James increased their target price on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.67.

Insider Activity

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total transaction of $31,760.00. Following the completion of the transaction, the executive vice president now owns 27,116 shares in the company, valued at approximately $430,602.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc 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 of the company’s stock, valued at $529,230. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company 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.