Farmers National Banc Corp, also known as FMNB, is a well-established financial institution based in Canfield, Ohio. It's a bank holding company that was incorporated in 1983 under Ohio law. The corporation primarily operates through its banking subsidiary, The Farmers National Bank of Canfield, providing commercial and retail banking services to households, businesses, and government entities in the region.
Farmers National Bank's roots trace back to 1887 when it was established as a national banking association. It grew and evolved over many years into a comprehensive financial service provider for the region. Now, with over a century of operation under its belt, Farmers National Banc Corp is recognized as a symbol of financial strength and customer service in Northeast Ohio.
Today, Farmers National Banc Corp offers a wide range of financial products and services, including commercial, mortgage, and consumer loans, credit cards, debit cards, online banking, mobile banking, and cash management services. Additionally, it provides trust, retirement consulting, insurance, and other financial services to enhance economic growth and community development.
The company operates over 40 banking locations in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, and Cuyahoga Counties in Ohio, and Beaver County in Pennsylvania, making it one of the biggest regional players.
Although Farmers National Banc Corp is a community-oriented financial institution, its ambition and innovative approach have stretched beyond the Ohio community. It has successfully established a strong online presence with services like online banking, mobile banking, and other digital services to cater to the increasing demand for remote banking options.
The leadership of Farmers National Banc Corp /OH/ is marked by a commitment to the sustainable and responsible growth of both the corporation and community. The emphasis and investment in local businesses and households make FMNB a preferred choice among localities in the region. It takes pride in its contributions back to the community and focus on the local economy, proving that it is not just a conventional banking institution, but a company dedicated to the overall well-being of the community it serves.
Farmers National Banc Corp /OH/ continues to evolve and respond to emerging changes in the financial realm, but it remains committed to maintaining its strong tradition of customer service, community support, and financial stability. With a rich history and a focused vision for the future, FMNB continues to be a crucial part of the financial landscape in Northeast Ohio.
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State Street Corp increased its holdings in Farmers National Banc Corp. by 60.1% in the second quarter, purchasing an additional 746,719 shares and bringing its total ownership to nearly 2 million shares. This makes State Street Corp a significant institutional investor in Farmers National Banc, which recently exceeded earnings expectations and raised its quarterly dividend. Despite some analyst upgrades, the stock maintains a consensus "Hold" rating with an average price target of $16.00.
Gina Richardson, a Director at Farmers National Banc (NASDAQ:FMNB), recently purchased 1,430 shares of the company's stock for approximately $21,951, increasing her total ownership to 19,026 shares. This insider activity follows Farmers National Banc reporting strong quarterly earnings of $0.41 EPS, surpassing estimates by $0.07, and revenue of $70.44 million. The company has also raised its quarterly dividend to $0.18 per share, with analysts maintaining a "Hold" rating and a $16 price target.
WINTON GROUP Ltd acquired 76,774 shares of Farmers National Banc Corp. for approximately $1.12 million in the second quarter, bringing institutional ownership of the company to 38.72%. Farmers National Banc reported strong quarterly earnings, beating analyst expectations, and increased its quarterly dividend to $0.18 per share. Analysts currently maintain a "Hold" rating for the stock with a $16.00 target price.
Farmers National Bank of Canfield, Ohio, has hired Adam J. Dick as its new retail market manager for western Pennsylvania. Dick brings prior experience from First Commonwealth Bank and KeyBank to his new role. This move strengthens Farmers National Bank's leadership in the western Pennsylvania retail market.
Citadel Advisors LLC significantly increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 39.5% in the second quarter, now owning 423,186 shares valued at $6.179 million. Other institutional investors like California State Teachers Retirement System and Bank of America Corp DE also modified their holdings. The company has an average "Hold" rating from analysts with a consensus price target of $16.00 and recently increased its quarterly dividend to $0.18 per share.
Empowered Funds LLC has acquired a new position in Farmers National Banc Corp. (FMNB), purchasing 229,725 shares valued at approximately $3.35 million. This acquisition gives Empowered Funds LLC a 0.39% stake in the company. Farmers National Banc recently reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend.
BlackRock Inc. has increased its stake in Farmers National Banc Corp. (NASDAQ:FMNB) by 13.5% in the second quarter, acquiring 569,057 additional shares and bringing its total ownership to 4.80 million shares, or 8.1% of the company. Other institutional investors have also adjusted their holdings. Farmers National Banc reported strong quarterly earnings, beating analyst expectations, and increased its quarterly dividend.