Equities analysts forecast that Farmers National Banc Corp (NASDAQ:FMNB) will announce $33.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Farmers National Banc’s earnings, with the lowest sales estimate coming in at $33.00 million and the highest estimate coming in at $34.00 million. Farmers National Banc reported sales of $28.20 million during the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The business is expected to announce its next earnings report on Wednesday, October 28th.
On average, analysts expect that Farmers National Banc will report full year sales of $131.55 million for the current financial year, with estimates ranging from $129.10 million to $134.00 million. For the next financial year, analysts anticipate that the business will report sales of $122.57 million, with estimates ranging from $117.70 million to $127.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Farmers National Banc.
Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, July 29th. The bank reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.17. The business had revenue of $33.06 million for the quarter, compared to the consensus estimate of $29.87 million. Farmers National Banc had a return on equity of 12.96% and a net margin of 27.57%.
A number of analysts recently commented on the company. Raymond James upgraded Farmers National Banc from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Wednesday, June 17th. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, September 1st. 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 equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.00.
A number of large investors have recently bought and sold shares of FMNB. Two Sigma Investments LP lifted its holdings in Farmers National Banc by 324.9% in the 1st quarter. Two Sigma Investments LP now owns 117,275 shares of the bank’s stock worth $1,364,000 after purchasing an additional 89,672 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 101,615 shares during the period. Geode Capital Management LLC increased its holdings in shares of Farmers National Banc by 15.6% during the 1st quarter. Geode Capital Management LLC now owns 400,898 shares of the bank’s stock worth $4,661,000 after acquiring an additional 54,200 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Farmers National Banc during the 1st quarter worth approximately $579,000. Finally, Two Sigma Advisers LP raised its stake in Farmers National Banc by 740.5% in the 1st quarter. Two Sigma Advisers LP now owns 176,500 shares of the bank’s stock valued at $2,053,000 after acquiring an additional 155,500 shares during the period. 40.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Farmers National Banc stock traded up $0.18 during trading on Thursday, hitting $11.89. 56,848 shares of the company’s stock traded hands, compared to its average volume of 50,270. The business has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $12.02. Farmers National Banc has a 1 year low of $9.82 and a 1 year high of $16.50. The stock has a market capitalization of $335.06 million, a P/E ratio of 8.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.70%. The ex-dividend date is Thursday, September 10th. Farmers National Banc’s dividend payout ratio is 34.11%.
About Farmers National Banc
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Farmers National Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers National Banc and related companies with MarketBeat.com's FREE daily email newsletter.