Zacks: Brokerages Anticipate Farmers National Banc Corp. (NASDAQ:FMNB) Will Post Quarterly Sales of $40.57 Million

Wall Street brokerages expect that Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) will announce sales of $40.57 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Farmers National Banc’s earnings, with the highest sales estimate coming in at $41.00 million and the lowest estimate coming in at $40.10 million. Farmers National Banc reported sales of $35.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Farmers National Banc will report full year sales of $173.90 million for the current financial year, with estimates ranging from $172.80 million to $175.00 million. For the next financial year, analysts expect that the company will post sales of $204.00 million, with estimates ranging from $203.00 million to $205.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Farmers National Banc.

Farmers National Banc (NASDAQ:FMNBGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The bank reported $0.50 earnings per share (EPS) for the quarter. Farmers National Banc had a return on equity of 16.07% and a net margin of 33.35%. The company had revenue of $39.24 million for the quarter.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Thursday, March 31st. StockNews.com assumed coverage on Farmers National Banc in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Raymond James decreased their target price on Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, February 3rd.

Shares of FMNB stock traded down $0.11 during trading on Friday, reaching $16.00. 66,590 shares of the company’s stock were exchanged, compared to its average volume of 91,230. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $544.16 million, a PE ratio of 8.89 and a beta of 0.93. Farmers National Banc has a twelve month low of $14.57 and a twelve month high of $20.00. The firm’s fifty day moving average price is $17.09 and its 200-day moving average price is $17.67.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.00%. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 10th. Farmers National Banc’s dividend payout ratio is currently 35.56%.

A number of hedge funds and other institutional investors have recently modified their holdings of FMNB. Wells Fargo & Company MN grew its holdings in Farmers National Banc by 10.3% in the 2nd quarter. Wells Fargo & Company MN now owns 16,810 shares of the bank’s stock valued at $261,000 after buying an additional 1,565 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Farmers National Banc by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 139,998 shares of the bank’s stock worth $2,171,000 after purchasing an additional 11,289 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Farmers National Banc by 2.9% during the 3rd quarter. WINTON GROUP Ltd now owns 25,800 shares of the bank’s stock worth $405,000 after purchasing an additional 715 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Farmers National Banc by 5.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 52,554 shares of the bank’s stock worth $825,000 after purchasing an additional 2,930 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Farmers National Banc during the 3rd quarter worth $266,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

About Farmers National Banc (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.

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