Equities research analysts expect Farmers National Banc Corp (NASDAQ:FMNB) to post sales of $27.60 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Farmers National Banc’s earnings. The lowest sales estimate is $27.50 million and the highest is $27.70 million. Farmers National Banc reported sales of $25.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is scheduled to report its next earnings report on Wednesday, July 17th.
On average, analysts expect that Farmers National Banc will report full-year sales of $111.52 million for the current year, with estimates ranging from $111.13 million to $111.90 million. For the next financial year, analysts forecast that the company will post sales of $118.28 million, with estimates ranging from $118.10 million to $118.45 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Farmers National Banc.
Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, April 24th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Farmers National Banc had a return on equity of 12.82% and a net margin of 27.42%. The business had revenue of $26.49 million during the quarter, compared to analyst estimates of $26.79 million.
A number of brokerages recently commented on FMNB. BidaskClub raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Zacks Investment Research raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Raymond James boosted their target price on Farmers National Banc from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Farmers National Banc presently has an average rating of “Hold” and an average price target of $16.17.
Shares of Farmers National Banc stock opened at $13.86 on Tuesday. Farmers National Banc has a one year low of $11.56 and a one year high of $16.90. The stock has a market capitalization of $373.78 million, a P/E ratio of 12.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 2.60%. Farmers National Banc’s dividend payout ratio (DPR) is currently 31.30%.
In related news, CEO Kevin J. Helmick purchased 2,861 shares of the business’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $12.94 per share, for a total transaction of $37,021.34. Following the purchase, the chief executive officer now owns 70,072 shares of the company’s stock, valued at $906,731.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 3,373 shares of company stock valued at $44,406 in the last quarter. Company insiders own 8.66% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Farmers National Banc by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 284,594 shares of the bank’s stock valued at $3,625,000 after purchasing an additional 13,145 shares during the last quarter. Bessemer Group Inc. boosted its stake in Farmers National Banc by 14.9% during the 4th quarter. Bessemer Group Inc. now owns 7,700 shares of the bank’s stock valued at $98,000 after purchasing an additional 1,000 shares during the last quarter. Rhumbline Advisers boosted its stake in Farmers National Banc by 42.2% during the 4th quarter. Rhumbline Advisers now owns 35,758 shares of the bank’s stock valued at $456,000 after purchasing an additional 10,607 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Farmers National Banc by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 699,260 shares of the bank’s stock valued at $8,908,000 after purchasing an additional 35,070 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Farmers National Banc by 6.2% during the 4th quarter. BlackRock Inc. now owns 1,436,794 shares of the bank’s stock valued at $18,305,000 after purchasing an additional 83,906 shares during the last quarter. Institutional investors and hedge funds own 37.04% of the company’s stock.
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.
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