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Farmers National hits 52-week high, reaching $14.9

Published 23/07/2024, 16:32
FMNB
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Farmers National Banc Corp. (FMNB) has reached a new 52-week high, with its shares hitting $14.9. This milestone reflects a significant increase in the company's stock value, demonstrating a robust performance in the market. Over the past year, Farmers National has seen a substantial growth, with a 1-year change of 7.15%. This upward trend signifies a strong investor confidence and a positive outlook for the company's future. The 52-week high of $14.9 is a testament to the company's resilience and adaptability in the face of a challenging economic landscape.

In other recent news, Farmers National Banc Corp. has announced a quarterly cash dividend of $0.17 per share. This decision, approved by the company's Board of Directors, signifies the organization's commitment to delivering value to its shareholders. The dividend is scheduled to be recorded on June 14, 2024, with payment following on June 28, 2024.

Farmers National Banc Corp., which holds $5.1 billion in banking assets, operates several subsidiaries including The Farmers National Bank of Canfield and Farmers Trust Company. These entities offer a variety of commercial, retail, and wealth management services across multiple counties in Ohio and Pennsylvania. As of March 31, 2024, the company managed wealth assets worth $3.8 billion.

This recent dividend declaration is a routine aspect of the company's financial practices, aimed at returning a portion of its earnings to its investors. It is important to note that this information is based on a press release from Farmers National Banc Corp. and reflects the company's ongoing practice of sharing its financial success with its shareholders through regular dividend payments.

InvestingPro Insights

As Farmers National Banc Corp. (FMNB) celebrates its new 52-week high, investors are taking note of the company's promising financial metrics and strategic achievements. With a market capitalization of $556.87 million and a P/E ratio that stands at an attractive 10.23, FMNB is showcasing its potential for sustainable growth. The company's revenue growth is also notable, with a 10.32% increase over the last twelve months as of Q1 2024, underlining its ability to expand its financial base in a competitive market.

Two key InvestingPro Tips highlight the company's stability and potential for long-term investment: FMNB has raised its dividend for 8 consecutive years, and it has maintained dividend payments for an impressive 31 consecutive years. These factors, combined with a strong return over the last three months of 17.23%, position FMNB as a potentially attractive option for investors seeking both growth and income.

For those interested in further analysis and additional InvestingPro Tips, visit InvestingPro. There are 5 more tips available that could provide deeper insights into FMNB's financial health and trajectory. To access these insights, consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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