Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume Following Earnings Beat

Key Points

• Farmers National Banc Corp. experienced a 33% increase in trading volume to approximately 124,004 shares on Wednesday after reporting earnings that met analyst expectations.
• The bank's recent earnings report showed a net margin of 18.19% and a reported revenue of $47.04 million, surpassing the consensus estimate of $46.55 million.
• The company has declared a quarterly dividend of $0.17 per share, reflecting a 5.1% dividend yield based on an annual payout ratio of 50.75%.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) shares saw unusually-high trading volume on Wednesday following a stronger than expected earnings report. Approximately 124,004 shares traded hands during mid-day trading, an increase of 33% from the previous session's volume of 92,914 shares.The stock last traded at $13.38 and had previously closed at $13.93.

The bank reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Farmers National Banc had a return on equity of 12.02% and a net margin of 18.19%.The business had revenue of $47.04 million during the quarter, compared to the consensus estimate of $46.55 million.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.68 annualized dividend and a dividend yield of 5.1%. Farmers National Banc's payout ratio is presently 50.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Farmers National Banc in a research report on Wednesday, October 8th. Zacks Research downgraded Farmers National Banc from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.50.

Hedge Funds Weigh In On Farmers National Banc

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after purchasing an additional 936 shares in the last quarter. CWM LLC grew its position in Farmers National Banc by 105.1% in the first quarter. CWM LLC now owns 2,035 shares of the bank's stock valued at $27,000 after acquiring an additional 1,043 shares during the period. Sequoia Financial Advisors LLC raised its stake in Farmers National Banc by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank's stock worth $372,000 after acquiring an additional 1,130 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of Farmers National Banc by 9.7% during the second quarter. Hunter Associates Investment Management LLC now owns 14,155 shares of the bank's stock valued at $197,000 after acquiring an additional 1,247 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Farmers National Banc by 6.2% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 38.72% of the company's stock.

Farmers National Banc Trading Down 4.1%

The firm has a market cap of $502.78 million, a P/E ratio of 9.99 and a beta of 0.83. The company's fifty day moving average price is $14.51 and its two-hundred day moving average price is $13.76. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20.

Farmers National Banc Company Profile

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.

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