Brokerages forecast that Farmers National Banc Corp (NASDAQ:FMNB) will post earnings per share of $0.32 for the current quarter, according to Zacks. Two analysts have issued estimates for Farmers National Banc’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.27. Farmers National Banc posted earnings per share of $0.33 during the same quarter last year, which indicates a negative year over year growth rate of 3%. The company is expected to report its next earnings report on Wednesday, October 28th.
According to Zacks, analysts expect that Farmers National Banc will report full year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.39. For the next fiscal year, analysts expect that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.13. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Farmers National Banc.
Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.17. Farmers National Banc had a return on equity of 12.96% and a net margin of 27.57%. The business had revenue of $33.06 million during the quarter, compared to the consensus estimate of $29.87 million.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, September 1st. Raymond James raised shares of Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a report on Wednesday, June 17th. Finally, BidaskClub downgraded shares of Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP raised its stake in Farmers National Banc by 740.5% during the first quarter. Two Sigma Advisers LP now owns 176,500 shares of the bank’s stock worth $2,053,000 after acquiring an additional 155,500 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Farmers National Banc by 126.2% in the 1st quarter. Acadian Asset Management LLC now owns 252,856 shares of the bank’s stock worth $2,942,000 after buying an additional 141,048 shares during the period. JPMorgan Chase & Co. grew its position in shares of Farmers National Banc by 128.8% during the 1st quarter. JPMorgan Chase & Co. now owns 180,524 shares of the bank’s stock worth $2,099,000 after buying an additional 101,615 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Farmers National Banc by 324.9% during the first quarter. Two Sigma Investments LP now owns 117,275 shares of the bank’s stock valued at $1,364,000 after buying an additional 89,672 shares during the period. Finally, Aperio Group LLC bought a new stake in shares of Farmers National Banc in the first quarter valued at about $699,000. 40.12% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:FMNB traded up $0.18 during trading hours on Tuesday, hitting $11.89. The company’s stock had a trading volume of 56,848 shares, compared to its average volume of 50,270. Farmers National Banc has a 52-week low of $9.82 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day moving average is $11.52 and its two-hundred day moving average is $12.02. The company has a market capitalization of $335.06 million, a PE ratio of 8.68 and a beta of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, September 10th. Farmers National Banc’s dividend payout ratio (DPR) is presently 34.11%.
Farmers National Banc Company Profile
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.
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