This Ohio bank beat analysts’ EPS estimates by a nickel last quarter. The bank just raised its dividend by 27%. The shares have a current dividend yield of 3.06%, paid quarterly.
Farmers National Banc Corp. (FMNB)
From IQ Trends
With the additions to the Undervalued category, we get a chance to take a look at some stocks that we haven’t seen in a while, like Farmers National Banc Corp.—a financial holding company that 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.
The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, and employee benefit plans; retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities.
It operates through forty locations in northeastern region of Ohio and one location in southwestern Pennsylvania. The company was founded in 1887, is headquartered in Canfield, Ohio, and has paid uninterrupted dividends since 1990.
Kelley Wright, IQ Trends, iqtrends.com, info@iqtrends.com, 866.927.5250, First-December 2021