Analysts predict that Farmers National Banc Corp. (NASDAQ:FMNB – Get a rating) will report revenue of $40.57 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Farmers National Banc. The lowest sales estimate is $40.10 million and the highest is $41.00 million. Farmers National Banc reported sales of $35.85 million in the same quarter last year, suggesting a positive year-over-year growth rate of 13.2%. The company is expected to release its next quarterly results on Wednesday, April 27.
According to Zacks, analysts expect Farmers National Banc to report annual sales of $162.63 million for the current year, with estimates ranging from $162.10 million to $163.00 million. . For next year, analysts expect the company to post sales of $167.55 million, with estimates ranging from $166.00 to $169.10 million. Zacks sales calculations are an average based on a survey of research analysts who track Farmers National Banc.
FMNB has been the subject of a number of recent research reports. Raymond James cut his price target on Farmers National Banc shares from $21.00 to $20.00 and set an “outperform” rating on the stock in a Thursday, Feb. 3 research report. Zacks Investment Research cut Farmers National Banc shares from a “buy” rating to a “hold” rating in a Tuesday, March 8 research note.
Institutional investors and hedge funds have recently bought and sold shares of the company. Martingale Asset Management LP increased its holdings of Farmers National Banc shares by 90.9% during the third quarter. Martingale Asset Management LP now owns 82,529 shares of the bank worth $1,297,000 after purchasing an additional 39,297 shares during the period. WINTON GROUP Ltd increased its stake in Farmers National Banc by 2.9% in the third quarter. WINTON GROUP Ltd now owns 25,800 shares in the bank valued at $405,000 after buying an additional 715 shares last quarter. Two Sigma Investments LP increased its holdings in Farmers National Banc by 21.6% in the third quarter. Two Sigma Investments LP now owns 58,566 shares of the bank valued at $920,000 after buying an additional 10,422 shares last quarter. HighTower Advisors LLC increased its stake in Farmers National Banc by 1.2% in Q3. HighTower Advisors LLC now owns 88,403 shares of the bank valued at $1,385,000 after buying 1,068 additional shares last quarter. Finally, FJ Capital Management LLC acquired a new position in Farmers National Banc stock in Q3 worth $572,000. Institutional investors hold 43.04% of the company’s shares.
Shares of Farmers National Banc opened at $17.04 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt ratio of 0.19. The company’s fifty-day simple moving average is $17.77 and its two-hundred-day simple moving average is $17.46. The company has a market capitalization of $579.45 million, a P/E ratio of 9.47 and a beta of 0.93. The Farmers National Banc has a 12-month low of $14.57 and a 12-month high of $20.00.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Friday, March 11 will receive a dividend of $0.16 per share. This represents an annualized dividend of $0.64 and a dividend yield of 3.76%. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.14. The ex-date of this dividend is Thursday, March 10. Farmers National Banc’s dividend payout ratio (DPR) is 35.56%.
National Farmers Bank Company Profile (Get a rating)
Farmers National Bank 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 Bank and Trust segments. The Banking segment includes commercial and retail banking, including checking accounts, savings accounts, term deposit accounts, commercial, mortgage and installment loans.
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