Farmers National Banc Corp (NASDAQ:FMNB) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.09 per share by the bank on Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, June 13th.

Farmers National Banc has increased its dividend payment by an average of 35.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Farmers National Banc has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Farmers National Banc to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 27.3%.

Farmers National Banc stock traded down $0.09 during mid-day trading on Wednesday, hitting $14.49. 18,548 shares of the company’s stock traded hands, compared to its average volume of 28,688. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $402.97 million, a P/E ratio of 12.60 and a beta of 0.78. Farmers National Banc has a one year low of $11.56 and a one year high of $16.90.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, April 24th. The bank reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $26.49 million for the quarter, compared to the consensus estimate of $26.79 million. Farmers National Banc had a return on equity of 12.82% and a net margin of 27.42%. On average, research analysts expect that Farmers National Banc will post 1.25 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. BidaskClub downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. ValuEngine downgraded Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Raymond James boosted their price objective on Farmers National Banc from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.17.

In related news, CEO Kevin J. Helmick bought 2,861 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of $12.94 per share, for a total transaction of $37,021.34. Following the acquisition, the chief executive officer now directly owns 70,072 shares of the company’s stock, valued at approximately $906,731.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 3,772 shares of company stock worth $50,280 over the last 90 days. Insiders own 8.66% of the company’s stock.

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About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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.

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Dividend History for Farmers National Banc (NASDAQ:FMNB)

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