BlackRock Cuts Farmers National Banc Corp Stake to 4.0%
Ticker: FMNB · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 709337
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, stake-change
TL;DR
**BlackRock trimmed its stake in Farmers National Banc Corp to 4.0%.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of 1,213,280 shares of Common Stock in Farmers National Banc Corp as of December 31, 2023. This represents a 4.0% passive ownership stake, a decrease from its previously reported holdings. This matters to investors because BlackRock is a major institutional investor, and a reduction in its stake could signal a shift in its outlook on Farmers National Banc Corp's future performance or valuation.
Why It Matters
A decrease in BlackRock's ownership of Farmers National Banc Corp shares could be interpreted by the market as a less bullish outlook from a significant institutional investor, potentially influencing other investors' decisions.
Risk Assessment
Risk Level: low — This filing indicates a passive ownership change by a large institutional investor, which is generally a low-risk event for the company itself.
Analyst Insight
Investors should note BlackRock's reduced stake as a data point, but not necessarily a definitive sell signal. Further research into Farmers National Banc Corp's fundamentals and BlackRock's broader portfolio strategy would be prudent before making investment decisions.
Key Numbers
- 1,213,280 — Shares Owned (BlackRock's total beneficial ownership of Farmers National Banc Corp Common Stock as of December 31, 2023.)
- 4.0% — Ownership Percentage (The percentage of Farmers National Banc Corp's Common Stock beneficially owned by BlackRock, indicating a passive stake.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person, a major institutional investor
- Farmers National Banc Corp (company) — the subject company whose shares are being reported
- 1,213,280 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
- 4.0% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event which required the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Other institutional investors may review BlackRock's reduced stake and potentially re-evaluate their own positions in Farmers National Banc Corp. (Farmers National Banc Corp) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 4) by BlackRock, Inc. to report its beneficial ownership of Common Stock in Farmers National Banc Corp as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager based at 50 Hudson Yards, New York, NY.
What is the subject company and its CUSIP number?
The subject company is FARMERS NATIONAL BANC CORP /OH/, and the CUSIP number for its Common Stock is 309627107.
How many shares of Farmers National Banc Corp does BlackRock, Inc. beneficially own according to this filing?
As of December 31, 2023, BlackRock, Inc. beneficially owns 1,213,280 shares of Common Stock in Farmers National Banc Corp.
What percentage of Farmers National Banc Corp's Common Stock does BlackRock, Inc. own?
BlackRock, Inc. beneficially owns 4.0% of the class of Common Stock of Farmers National Banc Corp.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding FARMERS NATIONAL BANC CORP /OH/ (FMNB).