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S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
China Threat Triggers Potential Mining Boom for Investors (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
China Threat Triggers Potential Mining Boom for Investors (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
Copper Exploration Heating Up (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
China Threat Triggers Potential Mining Boom for Investors (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
China Threat Triggers Potential Mining Boom for Investors (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
Copper Exploration Heating Up (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
China Threat Triggers Potential Mining Boom for Investors (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
China Threat Triggers Potential Mining Boom for Investors (Ad)
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
Copper Exploration Heating Up (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony

Farmers National Banc Corp. (NASDAQ:FMNB) Increases Dividend to $0.17 Per Share

Farmers National Banc Corp. (NASDAQ:FMNB - Get Rating) declared a quarterly dividend on Tuesday, November 22nd, Zacks reports. Investors of record on Friday, December 9th will be paid a dividend of 0.17 per share by the bank on Friday, December 30th. This represents a $0.68 annualized dividend and a yield of 4.57%. The ex-dividend date is Thursday, December 8th. This is a boost from Farmers National Banc's previous quarterly dividend of $0.16.

Farmers National Banc has increased its dividend payment by an average of 16.1% annually over the last three years and has raised its dividend every year for the last 7 years. Farmers National Banc has a dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Farmers National Banc to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 31.2%.

Farmers National Banc Trading Down 0.8 %

Shares of NASDAQ FMNB traded down $0.12 during midday trading on Thursday, reaching $14.88. 97,294 shares of the stock were exchanged, compared to its average volume of 105,442. The stock has a 50 day moving average price of $13.76 and a 200-day moving average price of $14.46. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $506.81 million, a P/E ratio of 9.42 and a beta of 0.81. Farmers National Banc has a 52-week low of $12.41 and a 52-week high of $20.00.

Wall Street Analyst Weigh In


FMNB has been the subject of several analyst reports. Piper Sandler downgraded Farmers National Banc from an "overweight" rating to a "neutral" rating and cut their price target for the company from $15.50 to $14.50 in a report on Wednesday, October 5th. Raymond James lowered shares of Farmers National Banc from an "outperform" rating to a "market perform" rating in a report on Thursday, October 6th. Finally, StockNews.com cut shares of Farmers National Banc from a "buy" rating to a "hold" rating in a research note on Tuesday.

Institutional Trading of Farmers National Banc

A number of institutional investors and hedge funds have recently bought and sold shares of FMNB. Raymond James & Associates acquired a new position in shares of Farmers National Banc during the first quarter worth about $352,000. Bank of New York Mellon Corp raised its position in shares of Farmers National Banc by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 226,421 shares of the bank's stock valued at $3,863,000 after purchasing an additional 4,059 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Farmers National Banc by 28.1% in the 1st quarter. American Century Companies Inc. now owns 115,876 shares of the bank's stock valued at $1,977,000 after purchasing an additional 25,394 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Farmers National Banc by 53.7% in the first quarter. MetLife Investment Management LLC now owns 16,920 shares of the bank's stock worth $289,000 after purchasing an additional 5,913 shares during the period. Finally, BlackRock Inc. increased its stake in Farmers National Banc by 8.1% during the first quarter. BlackRock Inc. now owns 2,170,434 shares of the bank's stock valued at $37,027,000 after purchasing an additional 162,721 shares during the last quarter. Institutional investors and hedge funds own 40.28% of the company's stock.

Farmers National Banc Company Profile

(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

Dividend History for Farmers National Banc (NASDAQ:FMNB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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