Farmers National Banc (NASDAQ:FMNB) Announces Earnings Results

Key Points

• Beat estimates: Farmers National Banc reported Q earnings of $0.45 EPS vs. a $0.37 consensus and revenue of $56.26M vs. $55.30M, with a 13.03% ROE, 19.5% net margin, a P/E of 9.6 and a ~$525M market cap.
• The bank paid a quarterly dividend of $0.17 (annualized $0.68), representing a 4.9% yield and a 46.9% payout ratio.
• Insider confidence but mixed analyst view: Director Edward Muransky bought 40,000 shares at $12.74 (a 25.6% increase in his holding), while Street consensus remains a "Hold" with a $14 target after recent downgrades and price-target cuts.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) released its earnings results on Wednesday. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08, FiscalAI reports. The company had revenue of $56.26 million during the quarter, compared to analysts' expectations of $55.30 million. Farmers National Banc had a return on equity of 13.03% and a net margin of 19.50%.

Farmers National Banc Stock Performance

FMNB stock opened at $13.92 on Thursday. The business's fifty day moving average is $13.21 and its 200-day moving average is $13.44. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $525.33 million, a P/E ratio of 9.60 and a beta of 0.76. Farmers National Banc has a twelve month low of $12.12 and a twelve month high of $15.50.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. Farmers National Banc's payout ratio is presently 46.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FMNB. Piper Sandler cut their price target on Farmers National Banc from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, January 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Farmers National Banc in a research report on Monday, December 29th. Zacks Research raised Farmers National Banc from a "strong sell" rating to a "hold" rating in a report on Friday, April 3rd. Finally, Wall Street Zen downgraded shares of Farmers National Banc from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Farmers National Banc presently has a consensus rating of "Hold" and a consensus target price of $14.00.

Insider Activity

In related news, Director Edward Muransky acquired 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $12.74 per share, with a total value of $509,600.00. Following the completion of the purchase, the director directly owned 196,020 shares in the company, valued at approximately $2,497,294.80. This trade represents a 25.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders acquired 41,672 shares of company stock valued at $530,974. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Farmers National Banc

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Farmers National Banc by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock valued at $283,000 after acquiring an additional 936 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Farmers National Banc by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank's stock worth $368,000 after acquiring an additional 940 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Farmers National Banc by 12.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank's stock worth $131,000 after acquiring an additional 1,083 shares during the last quarter. First Trust Advisors LP grew its holdings in Farmers National Banc by 6.2% during the second quarter. First Trust Advisors LP now owns 24,821 shares of the bank's stock valued at $342,000 after purchasing an additional 1,458 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Farmers National Banc by 49.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank's stock valued at $62,000 after purchasing an additional 1,487 shares during the period. Institutional investors own 38.72% of the company's stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company's primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.