Vanguard Discloses 8.08% Stake in Farmers National Banc Corp
Ticker: FMNB · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 709337
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Vanguard just revealed an 8.08% stake in Farmers National Banc Corp, a big vote of confidence!**
AI Summary
The Vanguard Group, a major investment management company based in Pennsylvania, has filed an SC 13G indicating its significant ownership in Farmers National Banc Corp. As of December 29, 2023, Vanguard beneficially owns 2,426,207 shares of Farmers National Banc Corp's Common Stock, representing 8.08% of the company. This matters to shareholders because it signals a large, passive institutional investment, often viewed as a vote of confidence in the company's long-term stability and performance.
Why It Matters
A substantial stake by a major institutional investor like Vanguard can provide stability to the stock and indicates a belief in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and signals stability rather than immediate risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting long-term stability and potentially consider Farmers National Banc Corp for a buy-and-hold strategy, given Vanguard's reputation for passive, long-term investing.
Key Numbers
- 2,426,207 — Shares Beneficially Owned (Represents Vanguard's total ownership in Farmers National Banc Corp.)
- 8.08% — Percentage of Class (Indicates Vanguard's significant stake relative to the total outstanding shares.)
- 309627107 — CUSIP Number (Unique identifier for Farmers National Banc Corp's Common Stock.)
Key Players & Entities
- The Vanguard Group (company) — reporting person, investment management company
- Farmers National Banc Corp (company) — subject company, issuer of securities
- 2,426,207 (dollar_amount) — shares beneficially owned by Vanguard
- 8.08% (dollar_amount) — percentage of class beneficially owned by Vanguard
- December 29, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- Vanguard will maintain its significant stake in Farmers National Banc Corp for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
FAQ
What is the name of the reporting person in this SC 13G filing?
The reporting person is The Vanguard Group, as stated in Item 1 of the Schedule 13G.
What is the subject company whose securities are being reported on?
The subject company is Farmers National Banc Corp, as identified in the 'Name of issuer' section of the Schedule 13G.
How many shares of Common Stock does The Vanguard Group beneficially own in Farmers National Banc Corp?
The Vanguard Group beneficially owns 2,426,207 shares of Common Stock, as reported in Item 9 of the Schedule 13G.
What percentage of the class of securities does The Vanguard Group's ownership represent?
The Vanguard Group's ownership represents 8.08% of the class of securities, as stated in Item 13 of the Schedule 13G.
What was the date of the event that triggered the requirement for this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Filing Stats: 808 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-02-13 17:04:39
Filing Documents
- tv0907-farmersnationalbancco.htm (SC 13G) — 11KB
- 0001104659-24-020907.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Farmers National Banc Corp
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 20 South Broad Street Canfield, OH 44406-1401
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 309627107
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration