Stock analysts expect Farmers National Banc Corp. (NASDAQ:FMNB) reports earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Farmers National Banc. The lowest EPS estimate is $0.46 and the highest is $0.47. Farmers National Banc reported earnings per share of $0.51 in the same quarter last year, indicating a negative 7.8% year-over-year growth rate. The company is due to announce its next earnings report on Wednesday, April 27.
According to Zacks, analysts expect Farmers National Banc to report annual earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.87 to $1.91. For the next fiscal year, analysts expect the company to post earnings of $1.92 per share, with EPS estimates ranging from $1.86 to $1.95. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research firms that cover Farmers National Banc.
Several research firms have recently published reports on FMNB. Raymond James raised his price target on Farmers National Banc shares from $20.00 to $21.00 and gave the stock an “outperform” rating in a Thursday, Jan. 6, research report. Zacks Investment Research upgraded Farmers National Banc shares from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a Tuesday, Jan. 25 research note.
In other Farmers National Banc news, Director Edward Muransky acquired 15,000 shares in a transaction on Monday, December 20. The shares were purchased at an average price of $17.72 per share, for a total transaction of $265,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. In the past ninety days, insiders have purchased 21,209 shares of the company worth $375,356. Insiders hold 8.86% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their positions in the stock. The Manufacturers Life Insurance Company increased its stake in Farmers National Banc shares by 1,953.0% during the second quarter. The Manufacturers Life Insurance Company now owns 341,960 shares of the bank worth $5,303,000 after acquiring 325,303 additional shares last quarter. Kennedy Capital Management Inc. purchased a new stake in Farmers National Banc stock during Q2 for $3,875,000. The Manufacturers Life Insurance Company increased its holdings of Farmers National Banc shares by 32.5% during the third quarter. The Manufacturers Life Insurance Company now owns 452,946 shares of the bank valued at $7,116,000 after purchasing an additional 110,986 shares last quarter. Advisor Group Holdings Inc. increased its holdings of Farmers National Banc shares by 425.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 64,949 shares of the bank valued at $1,205,000 after buying an additional 52,577 shares last quarter. Finally, Renaissance Technologies LLC increased its stake in Farmers National Banc by 13.8% in the third quarter. Renaissance Technologies LLC now owns 356,884 shares of the bank worth $5,607,000 after purchasing an additional 43,200 shares last quarter. 41.69% of the shares are currently held by institutional investors and hedge funds.
NASDAQ: FMNB lost $0.05 during Friday trading hours, hitting $17.28. 188,423 shares of the stock have been traded, compared to its average volume of 72,480. The company has a 50-day moving average price of $18.41 and a 200-day moving average price of $17.06 . The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt ratio of 0.13. Farmers National Banc has a fifty-two week minimum of $13.50 and a fifty-two week maximum of $20.00. The company has a market capitalization of $489.37 million, a price-earnings ratio of 9.60 and a beta of 0.95.
The company also recently announced a quarterly dividend, which was paid on Friday, December 31. Shareholders of record on Friday, December 10 received a dividend of $0.14 per share. This represents a dividend of $0.56 on an annualized basis and a yield of 3.24%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, December 9. The Farmers National Banc payout ratio is currently 31.11%.
National Farmers Bank Company Profile
Farmers National Bank 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 Bank and Trust segments. The Banking segment includes commercial and retail banking, including checking accounts, savings accounts, term deposit accounts, commercial, mortgage and installment loans.
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