Farmers National Banc (NASDAQ:FMNB) Posts Quarterly Earnings Results, Hits Estimates

Farmers National Banc (NASDAQ:FMNB - Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37, Zacks reports. The firm had revenue of $47.04 million for the quarter, compared to the consensus estimate of $46.55 million. Farmers National Banc had a return on equity of 12.11% and a net margin of 18.19%.

Farmers National Banc Trading Up 0.4%

Farmers National Banc stock traded up $0.06 during midday trading on Friday, reaching $13.45. The stock had a trading volume of 78,957 shares, compared to its average volume of 104,854. Farmers National Banc has a twelve month low of $11.58 and a twelve month high of $16.32. The stock has a market capitalization of $505.99 million, a PE ratio of 10.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50-day simple moving average is $13.57 and its 200 day simple moving average is $13.44.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Friday, June 13th. Farmers National Banc's dividend payout ratio is currently 50.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FMNB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after acquiring an additional 936 shares during the last quarter. AQR Capital Management LLC increased its holdings in Farmers National Banc by 94.6% in the first quarter. AQR Capital Management LLC now owns 27,870 shares of the bank's stock valued at $364,000 after buying an additional 13,548 shares during the last quarter. Empowered Funds LLC increased its holdings in Farmers National Banc by 50.3% in the first quarter. Empowered Funds LLC now owns 38,058 shares of the bank's stock valued at $497,000 after buying an additional 12,735 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Farmers National Banc in the first quarter valued at about $830,000. Institutional investors and hedge funds own 38.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an "outperform" rating and set a $15.00 target price (down from $17.00) on shares of Farmers National Banc in a research note on Monday, April 21st.

About Farmers National Banc

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. 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, brokerage, and other services.