FMNB - Farmers National Banc.: High Dividend Yield But Earnings Likely To Be Stagnant This Year
2024-05-20 11:38:42 ET
Summary
- Loan growth will improve after the disappointing first quarter on the back of strength in the economies of Ohio and Pennsylvania.
- The margin is close to turning around because of anticipated interest rate cuts.
- The December 2024 target price suggests a 6.2% price upside.
- FMNB is offering a high dividend yield of 5.3%. The dividend payout appears safe considering the earnings outlook.
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Farmers National Banc.: High Dividend Yield, But Earnings Likely To Be Stagnant This Year