Boenning Scattergood Weighs in on Farmers National Banc Corp.’s FY2022 Earnings (NASDAQ:FMNB)

Farmers National Banc Corp. (NASDAQ:FMNBGet Rating) – Equities researchers at Boenning Scattergood issued their FY2022 earnings per share estimates for Farmers National Banc in a note issued to investors on Monday, May 2nd. Boenning Scattergood analyst D. Cardenas anticipates that the bank will earn $1.99 per share for the year. Boenning Scattergood also issued estimates for Farmers National Banc’s Q4 2022 earnings at $0.54 EPS and FY2023 earnings at $2.20 EPS.

A number of other research firms have also commented on FMNB. Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, March 31st. Raymond James lowered their price target on shares of Farmers National Banc from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, February 3rd. Finally, StockNews.com initiated coverage on shares of Farmers National Banc in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

NASDAQ:FMNB opened at $15.74 on Thursday. The company has a fifty day moving average of $16.70 and a 200 day moving average of $17.62. Farmers National Banc has a 52 week low of $14.57 and a 52 week high of $20.00. 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 firm has a market capitalization of $535.32 million, a P/E ratio of 8.94 and a beta of 0.94.

Farmers National Banc (NASDAQ:FMNBGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. Farmers National Banc had a net margin of 31.61% and a return on equity of 16.16%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were given a dividend of $0.16 per share. This is an increase from Farmers National Banc’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Thursday, March 10th. Farmers National Banc’s payout ratio is presently 36.36%.

In related news, Director Frank J. Monaco acquired 12,000 shares of Farmers National Banc stock in a transaction on Friday, April 29th. The shares were acquired at an average cost of $15.40 per share, with a total value of $184,800.00. Following the transaction, the director now owns 18,618 shares in the company, valued at $286,717.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have acquired 13,863 shares of company stock worth $214,395. Insiders own 8.14% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FMNB. BlackRock Inc. grew its position in shares of Farmers National Banc by 16.6% in the 4th quarter. BlackRock Inc. now owns 2,007,713 shares of the bank’s stock worth $37,243,000 after buying an additional 285,652 shares during the period. Farmers Trust Co. grew its position in shares of Farmers National Banc by 84.0% in the 1st quarter. Farmers Trust Co. now owns 470,603 shares of the bank’s stock worth $8,028,000 after buying an additional 214,851 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Farmers National Banc by 32.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 452,946 shares of the bank’s stock worth $7,116,000 after buying an additional 110,986 shares during the period. Elizabeth Park Capital Advisors Ltd. grew its position in shares of Farmers National Banc by 125.4% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 188,026 shares of the bank’s stock worth $3,488,000 after buying an additional 104,604 shares during the period. Finally, Geode Capital Management LLC grew its position in Farmers National Banc by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 498,914 shares of the bank’s stock valued at $9,254,000 after purchasing an additional 52,659 shares during the last quarter. 38.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Farmers National Banc (NASDAQ:FMNB)

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