Farmers National Banc Corp (NASDAQ:FMNB) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 176,000 shares, a drop of 13.4% from the September 30th total of 203,300 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 35,300 shares, the short-interest ratio is currently 5.0 days.

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in Farmers National Banc by 84.1% in the 2nd quarter. Bank of Montreal Can now owns 3,062 shares of the bank’s stock worth $45,000 after buying an additional 1,399 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Farmers National Banc by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 60,541 shares of the bank’s stock worth $898,000 after buying an additional 1,744 shares during the period. First Quadrant L P CA purchased a new stake in Farmers National Banc in the 3rd quarter worth $29,000. Meeder Asset Management Inc. lifted its stake in Farmers National Banc by 171.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,765 shares of the bank’s stock worth $55,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Farmers National Banc by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 39,947 shares of the bank’s stock worth $578,000 after purchasing an additional 3,275 shares in the last quarter. 40.04% of the stock is owned by institutional investors.

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

NASDAQ FMNB traded down $0.13 during mid-day trading on Friday, reaching $15.22. The stock had a trading volume of 27,200 shares, compared to its average volume of 33,023. The stock has a market cap of $424.71 million, a PE ratio of 13.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.87. The company has a fifty day moving average price of $14.77 and a 200 day moving average price of $14.38. Farmers National Banc has a 1 year low of $11.56 and a 1 year high of $15.63.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $28.20 million during the quarter, compared to the consensus estimate of $28.29 million. Farmers National Banc had a net margin of 27.11% and a return on equity of 12.46%. As a group, equities research analysts expect that Farmers National Banc will post 1.25 earnings per share for the current year.

Farmers National Banc Company Profile

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.

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