Analysts Anticipate Farmers National Banc Corp. (NASDAQ:FMNB) to Post $0.49 Earnings Per Share

Equities analysts expect Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) to post $0.49 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Farmers National Banc’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.48. Farmers National Banc reported earnings of $0.55 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Farmers National Banc will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.95 to $1.98. For the next fiscal year, analysts forecast that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $2.06 to $2.21. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Farmers National Banc.

Farmers National Banc (NASDAQ:FMNBGet Rating) last issued its earnings results on Wednesday, April 27th. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $48.94 million during the quarter, compared to analyst estimates of $40.57 million. Farmers National Banc had a return on equity of 16.27% and a net margin of 31.61%.

FMNB has been the subject of several analyst reports. StockNews.com assumed coverage on shares of Farmers National Banc in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, March 31st.

Farmers National Banc stock opened at $15.03 on Friday. The firm has a 50 day moving average of $15.61 and a 200 day moving average of $17.13. The firm has a market capitalization of $511.14 million, a price-to-earnings ratio of 8.54 and a beta of 0.94. Farmers National Banc has a 12-month low of $14.47 and a 12-month high of $20.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.26%. Farmers National Banc’s dividend payout ratio is currently 36.36%.

In other Farmers National Banc news, Director Gregory C. Bestic bought 4,903 shares of Farmers National Banc stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $14.78 per share, for a total transaction of $72,466.34. Following the completion of the purchase, the director now directly owns 66,000 shares in the company, valued at approximately $975,480. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward Muransky bought 1,440 shares of Farmers National Banc stock in a transaction on Tuesday, May 24th. The stock was acquired at an average price of $1,440.00 per share, for a total transaction of $2,073,600.00. Following the purchase, the director now owns 103,627 shares of the company’s stock, valued at $149,222,880. The disclosure for this purchase can be found here. Insiders have bought a total of 26,697 shares of company stock valued at $2,458,257 over the last quarter. Corporate insiders own 8.14% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. increased its stake in Farmers National Banc by 29.9% in the third quarter. Citigroup Inc. now owns 2,902 shares of the bank’s stock worth $46,000 after purchasing an additional 668 shares during the period. HighTower Advisors LLC increased its stake in shares of Farmers National Banc by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 89,096 shares of the bank’s stock valued at $1,650,000 after buying an additional 693 shares during the period. Walthausen & Co. LLC increased its stake in shares of Farmers National Banc by 0.7% during the first quarter. Walthausen & Co. LLC now owns 119,170 shares of the bank’s stock valued at $2,033,000 after buying an additional 800 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Farmers National Banc by 177.1% during the first quarter. Great West Life Assurance Co. Can now owns 1,599 shares of the bank’s stock valued at $28,000 after buying an additional 1,022 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of Farmers National Banc by 8.5% during the first quarter. Cetera Advisors LLC now owns 13,176 shares of the bank’s stock valued at $225,000 after buying an additional 1,029 shares during the period. Institutional investors and hedge funds own 38.56% of the company’s stock.

About Farmers National Banc (Get Rating)

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It 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.

See Also

Get a free copy of the Zacks research report on Farmers National Banc (FMNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Farmers National Banc (NASDAQ:FMNB)

Want More Great Investing Ideas?

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.