$0.32 Earnings Per Share Expected for Farmers National Banc Corp (NASDAQ:FMNB) This Quarter

Equities analysts expect Farmers National Banc Corp (NASDAQ:FMNB) to announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Farmers National Banc’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. Farmers National Banc posted earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is expected to issue its next earnings results on Wednesday, April 22nd.

On average, analysts expect that Farmers National Banc will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.38. For the next year, analysts expect that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.39 to $1.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Farmers National Banc.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $28.81 million for the quarter, compared to analysts’ expectations of $28.25 million. Farmers National Banc had a net margin of 27.38% and a return on equity of 12.66%.

FMNB has been the topic of a number of analyst reports. BidaskClub lowered shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. ValuEngine lowered shares of Farmers National Banc from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Finally, Zacks Investment Research upgraded shares of Farmers National Banc from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.50.

Shares of FMNB traded down $0.03 on Friday, reaching $16.11. The company’s stock had a trading volume of 95,822 shares, compared to its average volume of 143,505. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Farmers National Banc has a twelve month low of $12.82 and a twelve month high of $16.50. The stock has a market capitalization of $446.57 million, a PE ratio of 12.49 and a beta of 0.84. The firm has a fifty day moving average of $16.02 and a 200-day moving average of $15.07.

In other news, Director Edward Muransky acquired 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $16.30 per share, for a total transaction of $47,270.00. Following the purchase, the director now owns 26,120 shares in the company, valued at approximately $425,756. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 4,252 shares of company stock valued at $68,521. Company insiders own 8.66% of the company’s stock.

Large investors have recently bought and sold shares of the business. State Street Corp increased its stake in Farmers National Banc by 2.5% in the 3rd quarter. State Street Corp now owns 518,133 shares of the bank’s stock valued at $7,503,000 after buying an additional 12,809 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Farmers National Banc by 4,800.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,900 shares of the bank’s stock valued at $71,000 after buying an additional 4,800 shares during the last quarter. California State Teachers Retirement System increased its stake in Farmers National Banc by 2.2% in the 3rd quarter. California State Teachers Retirement System now owns 39,907 shares of the bank’s stock valued at $578,000 after buying an additional 870 shares during the last quarter. Zebra Capital Management LLC increased its stake in Farmers National Banc by 26.4% in the 3rd quarter. Zebra Capital Management LLC now owns 16,151 shares of the bank’s stock valued at $234,000 after buying an additional 3,374 shares during the last quarter. Finally, Bowling Portfolio Management LLC increased its stake in Farmers National Banc by 54.1% in the 4th quarter. Bowling Portfolio Management LLC now owns 66,737 shares of the bank’s stock valued at $1,089,000 after buying an additional 23,440 shares during the last quarter. Hedge funds and other institutional investors own 40.98% of the company’s stock.

Farmers National Banc Company Profile

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

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