Wall Street brokerage firms predict that Farmers National Banc Corp. (NASDAQ: FMNB) will report sales of $ 40.45 million for the current quarter, according to Zack. Two analysts provided earnings estimates for Farmers National Banc, with the highest sales estimate at $ 41.90 million and the lower estimate at $ 39.00 million. Farmers National Banc posted sales of $ 36.49 million in the same quarter last year, suggesting a positive year-over-year growth rate of 10.9%. The company is expected to release its next results on Thursday, January 27.
Zacks says analysts expect Farmers National Banc to report annual sales of $ 149.35 million for the current fiscal year, with estimates ranging from $ 148.00 million to $ 150.70 million . For the next fiscal year, analysts predict the company will post sales of $ 166.25 million, with estimates ranging from $ 165.00 to $ 167.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sales-side research companies that provide coverage for Farmers National Banc.
Farmers National Banc (NASDAQ: FMNB) last reported its results on Tuesday, October 26. The bank reported earnings per share (EPS) of $ 0.56 for the quarter, beating the Zacks’ consensus estimate by $ 0.51 by $ 0.05. The company posted revenue of $ 35.55 million for the quarter, compared to analysts’ estimates of $ 35.95 million. Farmers National Banc had a net margin of 37.40% and a return on equity of 16.50%.
FMNB has been the subject of several analyst reports. Raymond James raised his price target for the Farmers National Banc stock from $ 18.00 to $ 20.00 and rated the stock as “outperforming” in a research note on Monday, November 1. Zacks investment research raised Farmers National Banc shares from a âkeepâ rating to a âbuyâ rating and set a target price of $ 20.00 for the company in a research note on Friday, October 29.
Actions of FMNB actions open for $ 18.66 Thursday. The company’s fifty-day simple moving average is $ 18.09 and its 200-day simple moving average is $ 16.55. Farmers National Banc has a 52 week low of $ 13.03 and a 52 week high of $ 18.99. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt ratio of 0.13. The company has a market cap of $ 528.49 million, a PE ratio of 9.24 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Friday, December 10 will receive a dividend of $ 0.14. This represents a dividend of $ 0.56 on an annualized basis and a dividend yield of 3.00%. This is an increase from Farmers National Banc’s previous quarterly dividend of $ 0.11. The ex-dividend date is Thursday, December 9. Farmers National Banc’s payout ratio is currently 27.72%.
In related news, the director Edouard Muransky bought 5,000 shares of the company in a trade that took place on Friday, November 26. The stock was purchased at an average cost of $ 17.58 per share, for a total trade of $ 87,900.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought 21,702 shares of the company worth $ 383,862 in the past 90 days. 8.86% of the shares are held by insiders.
Large investors have recently changed their holdings in the company. Citigroup Inc. increased its position in Farmers National Banc shares by 29.9% in the third quarter. Citigroup Inc. now owns 2,902 shares of the bank valued at $ 46,000 after acquiring an additional 668 shares during the period. Nisa Investment Advisors LLC increased its stake in Farmers National Banc shares by 11.1% in the second quarter. Nisa Investment Advisors LLC now owns 6,780 shares of the bank valued at $ 105,000 after purchasing an additional 680 shares in the last quarter. WINTON GROUP Ltd strengthened its position in Farmers National Banc by 2.9% during the third quarter. WINTON GROUP Ltd. now owns 25,800 shares of the bank valued at $ 405,000 after purchasing an additional 715 shares during the period. Lazard Asset Management LLC strengthened its position in Farmers National Banc by 32.2% in the second quarter. Lazard Asset Management LLC now owns 3,680 shares of the bank valued at $ 57,000 after purchasing an additional 896 shares during the period. Finally, HighTower Advisors LLC increased its equity stake in Farmers National Banc by 1.2% during the third quarter. HighTower Advisors LLC now owns 88,403 shares of the bank valued at $ 1,385,000 after purchasing an additional 1,068 shares in the last quarter. 41.22% of the shares are currently held by hedge funds and other institutional investors.
Company Profile of the National Farmers Bank
Farmers National Banc Corp. is a bank and financial holding company that provides financial and banking services through its subsidiary, The Farmers National Bank of Canfield. It operates through the Banking and Trust segments. The Banking segment comprises commercial and retail banking services, including chequing accounts, savings accounts, term deposit accounts, commercial, mortgage and installment loans.
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