Equity research analysts expect Farmers National Banc Corp. (NASDAQ: FMNB) Reports Earnings of $ 0.52 per Share for Current Fiscal Quarter, According to Zack. Two analysts provided Farmers National Banc income estimates. The highest EPS estimate is $ 0.54 and the lowest is $ 0.49. Farmers National Banc posted earnings of $ 0.45 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The company is expected to announce its next quarterly results on Thursday, January 27.
According to Zacks, analysts expect Farmers National Banc to report annual earnings of $ 2.14 per share for the current fiscal year, with EPS estimates ranging from $ 2.08 to $ 2.17. For the next fiscal year, analysts expect the company to post earnings of $ 1.84 per share, with EPS estimates ranging from $ 1.81 to $ 1.87. Zacks’ earnings per share calculations are an average based on a survey of selling analysts who cover Farmers National Banc.
Farmers National Banc (NASDAQ: FMNB) last released its quarterly results on Tuesday, October 26. The bank reported earnings per share of $ 0.56 for the quarter, beating the consensus estimate of $ 0.51 by $ 0.05. Farmers National Banc had a net margin of 37.40% and a return on equity of 16.50%. The company posted revenue of $ 35.55 million for the quarter, compared to analysts’ expectations of $ 35.95 million.
Several analysts recently published reports on FMNB shares. Raymond James increased his price target for Farmers National Banc shares from $ 18.00 to $ 20.00 and gave the company an “outperformance” rating in a research report released on Monday, November 1. Zacks investment research downgraded Farmers National Banc shares from a “conservation” rating to a “buy” rating and set a price target of $ 20.00 on the stock in a research report released on Friday 29 October.
FMNB open for $ 18.62 Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68, and a debt ratio of 0.13. The stock has a market cap of $ 527.32 million, a price-to-earnings ratio of 9.22 and a beta of 0.95. Farmers National Banc has a twelve month minimum of $ 13.00 and a twelve month maximum of $ 18.99. The company’s 50-day moving average price is $ 18.02, and its two-hundred-day moving average price is $ 16.53.
The company also recently declared 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 return of 3.01%. The ex-dividend date is Thursday, December 9. This is an increase from Farmers National Banc’s previous quarterly dividend of $ 0.11. Farmers National Banc’s payout ratio is currently 27.72%.
In other news, the director Edouard Muransky bought 5,000 shares of the company in a trade on Friday, November 26. The stock was purchased at an average price of $ 17.58 per share, for a total value of $ 87,900.00. The acquisition was disclosed in a file with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 21,702 shares of the company valued at $ 383,862 in the past ninety days. 8.86% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in FMNB. LSV Asset Management increased its holdings in Farmers National Banc shares by 25.2% during the second quarter. LSV Asset Management now owns 508,662 shares of the bank valued at $ 7,889,000 after acquiring an additional 102,379 shares during the last quarter. American Century Companies Inc. increased its holdings of Farmers National Banc shares by 32.4% in the second quarter. American Century Companies Inc. now owns 58,131 shares of the bank valued at $ 902,000 after acquiring an additional 14,239 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings of 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. HighTower Advisors LLC purchased a new position in Farmers National Banc shares in the second quarter valued at approximately $ 1,350,000. Finally, WINTON GROUP Ltd increased its holdings in Farmers National Banc shares by 9.5% in the second quarter. WINTON GROUP Ltd now owns 25,085 shares of the bank valued at $ 389,000 after purchasing an additional 2,182 shares during the last quarter. 41.22% of the shares are currently held by hedge funds and other institutional investors.
About 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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