Farmers National Banc Stock (NASDAQ: FMNB)

Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc

Farmers National Banc Corp is a one-bank holding company engaged in financial activities, including securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities. It operates in the domestic banking, trust, retirement consulting, insurance, and financial management industries. The company has two operating segments of business; the Bank segment, and the Trust segment, out of which the majority of company's revenue is derived from the bank segment.

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CBSH

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SRCE

Commerce Bancshares, Inc. (NASDAQ: CBSH) is well-positioned for growth, given the decent loan demand, high interest rates and its balance sheet repositioning strategy. Moreover, solid liquidity and non-interest income growth will further support its financials.

Here&#39;s Why Commerce Bancshares Stock is a Must Buy Now

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Farmers National Banc Corp. - Common Stock

Farmers National Banc Corp

Piper Sandler analyst Adam Butler maintains Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Neutral and lowers the price target from $17 to $16.

Price Target

Piper Sandler Maintains Neutral on Farmers National Banc, Lowers Price Target to $16

The Q4 earnings report for Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) was released on Wednesday, January 29, 2025 at 08:00 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Farmers National Banc beat estimated earnings by 15.0%, reporting an EPS of $0.39 versus an estimate of $0.34.
Revenue was down $834 thousand from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company missed on EPS by $0.11 in the previous quarter, leading to a 2.0% drop share price change the next day.
Here's a look at Farmers National Banc's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.34</td>
<td>0.32</td>
<td>0.33</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.23</td>
<td>0.33</td>
<td>0.34</td>
<td>0.41</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>44.00M</td>
<td>42.10M</td>
<td>42.29M</td>
<td>43.65M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>44.22M</td>
<td>41.67M</td>
<td>40.04M</td>
<td>44.99M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Farmers National Banc <a href="https://www.benzinga.com/quote/FMNB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Farmers National Banc: Q4 Earnings Insights

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.34 by 14.71 percent. This is a 4.88 percent decrease over earnings of $0.41 per share from the same period last year.

Earnings Beats

Farmers National Banc Q4 Adj $0.39 Beats $0.34 Estimate

Piper Sandler analyst Adam Butler assumes Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Neutral rating and announces Price Target of $17.

Initiation

Piper Sandler Assumes Farmers National Banc at Neutral, Announces Price Target of $17

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.34 by 32.35 percent. This is a 42.5 percent decrease over earnings of $0.40 per share from the same period last year.

Farmers National Banc Q3 Adj $0.23 Misses $0.34 Estimate

Commerce Bancshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbsh#NASDAQ">CBSH</a>) is well-positioned for growth, given the decent loan demand, high interest rates and its balance sheet repositioning strategy. Moreover, solid liquidity and non-interest income growth will further support its financials.
Over the past week, the Zacks Consensus Estimate for both 2024 and 2025 earnings has moved marginally upward to $3.94 and $3.89, respectively. CBSH currently sports a Zacks Rank #1 (Strong Buy).
Year to date, shares of Commerce Bancshares have gained 16.2%, outperforming the industry&#39;s growth of 9.2%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/99/75089.jpg?v=1314157690" /> 
Image Source: Zacks Investment Research
<h2>What Makes the Stock Worth Betting on</h2>
Earnings Growth: Commerce Bancshares witnessed earnings growth of 8.9% over the past three to five years. This was driven by the company&#39;s organic growth strategy, solid customer relationships and strong risk management.
Our projections for earnings indicate a 4.8%, 1% and 6% rise in 2024, 2025 and 2026, respectively.
Revenue Strength: Driven by growth in loan demand and fee income, Commerce Bancshares&#39; total revenues witnessed a compound annual growth rate (CAGR) of 3.5% over the last five years (2018-2023). The trend continued in the first half of 2024 as well. Organic growth measures and a high-interest-rate scenario are likely to support top-line expansion, though rising funding costs will weigh on it to some extent.
Further, its balance sheet repositioning strategy is likely to boost net interest income through the sale of debt securities and reinvesting the proceeds at higher yields.
Our estimates for total revenues indicate 3.6%, 1.4% and 1.9% growth in 2024, 2025 and 2026, respectively.
Strong Balance Sheet: As of Jun 30, 2024, CBSH&#39;s total cash and cash equivalents (consisting of cash and due from banks and interest-earning deposits with banks) were $2.5 billion. Total debt (comprising other liabilities and other borrowings) was $580.4 million. Also, the company maintains investment grade ratings of A- and a stable outlook from Standard &amp; Poor&#39;s. Hence, a solid liquidity position allows the company to address its near-term obligations.
Impressive Capital Distributions: Commerce Bancshares&#39; capital distribution activities are encouraging. The company has been paying a 5% stock dividend over the past 25 years, with the most recent one announced in December 2023. The company has been consistently paying quarterly cash dividends and has a share repurchase plan in place. As of Jun 30, 2024, roughly 4.3 million shares remained available under the authorization.
Given its decent earnings strength and strong liquidity position, the company is expected to continue efficient capital distributions, thus enhancing shareholder value.
Superior Return on Equity (ROE): CBSH&#39;s trailing 12-month ROE reflects its superiority in terms of utilizing shareholders&#39; funds. The company&#39;s ROE of 16.5% compares favorably with 10.9% of the industry.
<h3>Other Bank Stocks to Consider</h3>
Some other top-ranked stocks from the banking space worth a look are 1st Source Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srce#NASDAQ">SRCE</a>) and Farmers National Banc Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fmnb#NASDAQ">FMNB</a>), each sporting a Zacks Rank #1 at present.
The Zacks Consensus Estimate for SRCE&#39;s current-year earnings has moved 10.7% north over the past 30 days. Shares of the company have gained 17.1% in the past six months.
The Zacks Consensus Estimate for FMNB&#39;s 2024 earnings has moved 3.8% upward in the past month. Over the past six months, shares of the company have risen 7.5%.
<a href="https://www.zacks.com/stock/news/2325925/here-s-why-commerce-bancshares-cbsh-stock-is-a-must-buy-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2325925">To read this article on Zacks.com click here.</a>

Here's Why Commerce Bancshares Stock is a Must Buy Now

Raymond James analyst Daniel Tamayo maintains Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Outperform and raises the price target from $16 to $18.

Raymond James Maintains Outperform on Farmers National Banc, Raises Price Target to $18

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Market Perform and raises the price target from $14 to $15.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on Farmers National Banc, Raises Price Target to $15

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.32 by 3.13 percent. This is a 19.51 percent decrease over earnings of $0.41 per share from the same period last year.

Farmers National Banc Q2 EPS $0.33 Beats $0.32 Estimate

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.33 by 3.03 percent. This is a 22.73 percent decrease over earnings of $0.44 per share from the same period last year.

Farmers National Banc Q1 Adj $0.34 Beats $0.33 Estimate

Wednesday marks the last chance for investors to receive the next dividend payout from Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 17 cents per share. On Thursday, Farmers National Banc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 17 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FMNB as of the end of Wednesday's session are eligible to receive the 17 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Wednesday Is Your Last Chance To Buy Farmers National Banc Before The Dividend Payout

Piper Sandler analyst Alexander Twerdahl assumes Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Neutral rating and announces Price Target of $14.

Piper Sandler Assumes Farmers National Banc at Neutral, Announces Price Target of $14

Keefe, Bruyette &amp; Woods analyst Michael Perito maintains Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) with a Market Perform and raises the price target from $13 to $14.

Keefe, Bruyette & Woods Maintains Market Perform on Farmers National Banc, Raises Price Target to $14-Report Released on 23 January 2024

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported its Q4 earnings results on Wednesday, January 24, 2024 at 08:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Farmers National Banc beat estimated earnings by 17.14%, reporting an EPS of $0.41 versus an estimate of $0.35.
Revenue was up $7.35 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 2.79% increase in the share price the next day.
Here's a look at Farmers National Banc's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.41</td>
<td>0.37</td>
<td>0.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.40</td>
<td>0.41</td>
<td>0.44</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>43.67M</td>
<td>46.53M</td>
<td>47.50M</td>
<td>41.30M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>43.60M</td>
<td>44.03M</td>
<td>47.03M</td>
<td>37.63M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Farmers National Banc <a href="https://www.benzinga.com/quote/FMNB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Farmers National Banc Q4 Earnings

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.35 by 17.14 percent. This is a 2.38 percent decrease over earnings of $0.42 per share from the same period last year.

Farmers National Banc Q4 EPS $0.41 Beats $0.35 Estimate

Raymond James analyst Daniel Tamayo upgrades Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) from Market Perform to Outperform and announces $18 price target.

Upgrades

Raymond James Upgrades Farmers National Banc to Outperform, Announces $18 Price Target

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.37 by 8.11 percent. This is a 16.67 percent decrease over earnings of $0.48 per share from the same period last year.

Farmers National Banc Q3 EPS $0.40 Beats $0.37 Estimate

Keefe, Bruyette & Woods Maintains Market Perform on Farmers National Banc, Raises Price Target to $14

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the financial services sector:</h2>
<ol>
<li>Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) - P/E: 6.46</li>
<li>First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) - P/E: 10.0</li>
<li>Hawthorn Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWBK#NASDAQ">HWBK</a>) - P/E: 7.14</li>
<li>Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) - P/E: 9.0</li>
<li>Great Elm Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEG#NASDAQ">GEG</a>) - P/E: 3.65</li>
</ol>
Preferred Bank looks to be undervalued. It possesses an EPS of $2.61, which has not changed since last quarter (Q1). Most recently, the company reported a dividend yield of 3.94%, which has decreased by 0.07% from last quarter's yield of 4.01%.
This quarter, First Western Financial experienced a decrease in earnings per share, which was $0.58 in Q4 and is now $0.39. Hawthorn Bancshares has reported Q1 earnings per share at $0.46, which has decreased by 31.34% compared to Q4, which was 0.67. Most recently, the company reported a dividend yield of 3.02%, which has increased by 0.19% from last quarter's yield of 2.83%.
Farmers National Banc's earnings per share for Q1 sits at $0.44, whereas in Q4, they were at 0.42. The company's most recent dividend yield sits at 5.68%, which has increased by 0.93% from 4.75% last quarter. 
Great Elm Group saw a decrease in earnings per share from 0.48 in Q2 to $0.4 now. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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