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Saturday, May 28, 2022

Emclaire Financial Corp (EMCF) Stock Surged 32.92% Today, Here’s Why

Emclaire Financial Corp (EMCF) stock soared 32.92% in the current-market trading session at the price of $38.39 following the merger agreement with Farmers Bank.


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EMCF is the parent firm of the Farmers National Bank, an FDIC-insured, chartered commercial bank located in Emlenton. It has 19 service operating offices in Allegheny, Venango, Clarion, Butler, and other sites.

EMCF Announce Merger Agreement

On 24th March 2022, EMCF announced joining a merger agreement with Farmers Bank of Canfield. Under the deal, each shareholder of EMCF may choose to acquire either 2.15 shares of Farmer’s stocks or US$40 per share in cash. The transaction will close by the second half of 2022.

As per Farmers’ share price of US$17.02, the transaction is worth roughly US$105M, or per share of $37.62. The deal is subject to receipt of EMCF’s shareholder and regulatory approvals. Following the merger, the chief executive officer of EMCF, William C. Marsh, will join as market president of Farmers, Pennsylvania.

EMCF Raises Quarterly Dividend

On 16th February 2022, EMCF announced a quarterly cash dividend of US$0.31 per share payable to shareholders on 18th March 2022. The cash dividend reflects a 3.3 percent increment from the US$0.30 per share dividend paid each quarter in 2021. This dividend represents an annual yield of 4.3 percent based on the stock’s price of US$28.61 per share.

EMCF 2021 Earnings Report

Earlier on 28th January 2022, EMCF published its financial results for Q4 and the full year 2021. The company reported a net income of US$10M, or per share of $3.63, for the year ended 31st December 2021. It represents a surge of US$3.4M from US$6.6M, or per share of $2.41, for the year 2020. For Q4 of 2021, net income totaled US$2.6M, or per share of $0.94. It represents a growth of $0.2M from US$2.4M, or per share of $0.87, for the same quarter of 2020.

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