Morgan Stanley lessened its position in shares of Farmers National Banc Corp (NASDAQ:FMNB) by 8.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,267 shares of the bank’s stock after selling 4,071 shares during the period. Morgan Stanley’s holdings in Farmers National Banc were worth $642,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Farmers National Banc by 84.1% during the 2nd quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock worth $45,000 after purchasing an additional 1,399 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Farmers National Banc by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 60,541 shares of the bank’s stock worth $898,000 after purchasing an additional 1,744 shares in the last quarter. Prudential Financial Inc. increased its position in Farmers National Banc by 10.4% during the 2nd quarter. Prudential Financial Inc. now owns 38,140 shares of the bank’s stock worth $565,000 after purchasing an additional 3,602 shares in the last quarter. Bank of New York Mellon Corp increased its position in Farmers National Banc by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 122,608 shares of the bank’s stock worth $1,819,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in Farmers National Banc by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 285,684 shares of the bank’s stock worth $4,237,000 after purchasing an additional 5,875 shares in the last quarter. 37.87% of the stock is owned by institutional investors and hedge funds.

FMNB has been the subject of a number of recent research reports. ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Boenning Scattergood reiterated a “buy” rating and set a $15.50 price objective on shares of Farmers National Banc in a research report on Wednesday, July 31st. Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, BidaskClub upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Farmers National Banc currently has an average rating of “Hold” and a consensus price target of $15.50.

FMNB opened at $15.57 on Friday. The business has a 50-day moving average of $14.67 and a two-hundred day moving average of $14.35. The stock has a market capitalization of $429.67 million, a price-to-earnings ratio of 13.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. Farmers National Banc Corp has a 12 month low of $11.56 and a 12 month high of $15.63.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $28.20 million for the quarter, compared to analyst estimates of $28.29 million. Farmers National Banc had a return on equity of 12.68% and a net margin of 27.11%. Equities research analysts anticipate that Farmers National Banc Corp will post 1.25 earnings per share for the current year.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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.

Further Reading: Capital Gains Distribution

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Institutional Ownership by Quarter for Farmers National Banc (NASDAQ:FMNB)

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