FMNB
Farmers National Banc Corp.Financial Services·Banks - Regional
$14.18
$557M market cap
Revenue
$142.5M
Free Cash Flow
$25.6M
Rev Growth
+0.0%
FCF Margin
18.0%
P/FCF
21.7x
EV/FCF
37.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It 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, Maste
2-Year Price History
$14.14+29.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 72.8 | 20.0 | 20.0 | 16.3 | 7.6 | 7.1 | -0.5 | 38.2 | 446.5 | 44.9 | 7.4% | 0.8x | -- |
| Act | 2025-Q4 | 69.7 | 17.7 | 17.7 | 14.6 | 19.6 | 18.6 | -1.1 | 1,364 | 367.7 | 37.7 | 11.1% | 0.8x | -- |
Valuation & Metrics
Market Stats
Price$14.18
Market Cap$557M
Enterprise Value$965M
P/S Ratio3.9x
P/FCF21.7x
EV/FCF37.6x
FCF Margin (TTM)18.0%
FCF Yield4.6%
Dividend Yield (TTM)6.0%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$142.5M
Net Income$30.9M
Free Cash Flow$25.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin26.5%
Net Margin21.7%
FCF Margin18.0%
CapEx % of Revenue1.1%
SBC % of Revenue0.9%
ROIC9.3%
WC Change % Rev0.0%
Interest Coverage0.8x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.0M
Days to Cover2.8
Change (vs Prior)-0.4%
Need at least 2 settlement dates for chart
Employees
Headcount682
Revenue / Employee$208,959
Gross Profit / Employee$138,257
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
26.6%(+11.1% YoY)
170 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
28.9%(+9.5% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.3%(-0.0% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $55.7M | $13.79 | +$16.6M | +$16.0M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $32.4M | $13.16 | +$32.4M | +$32.4M | — | $4.04T |
| DIMENSIONAL FUND ADVISORS LPPassive | $20.3M | $12.64 | +$4.0M | +$4.7M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $18.1M | $12.67 | +$6.1M | +$6.6M | +2.3% | $1.61T |
| STATE STREET CORPPassive | $16.4M | $12.67 | +$5.1M | +$5.2M | -0.2% | $2.89T |
| FARMERS TRUST CO | $9.5M | $12.33 | +$2.5M | +$2.3M | +0.1% | $637M |
| NORTHERN TRUST CORPPassive | $7.0M | $12.74 | +$2.1M | +$2.6M | -0.2% | $755.34B |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6.6M | $13.07 | +$3.7M | +$4.7M | -0.1% | $31.89B |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $6.2M | $12.58 | +$901K | +$710K | -0.2% | $113.45B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $5.7M | $13.16 | +$5.7M | +$5.7M | — | $1.91T |
| BEESE FULMER INVESTMENT MANAGEMENT, INC. | $4.9M | $13.15 | −$11K | +$413K | -0.0% | $1.56B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $4.8M | $13.14 | +$2.3M | +$4.1M | -2.3% | $4.93B |
| VANGUARD FIDUCIARY TRUST COPassive | $4.8M | $13.16 | +$4.8M | +$4.8M | — | $395.83B |
| CITADEL ADVISORS LLC | $4.7M | $12.89 | +$1.8M | +$3.5M | -0.4% | $138.22B |
| Bank of New York Mellon Corp | $4.4M | $12.68 | +$800K | +$412K | -0.2% | $543.21B |
| JPMORGAN CHASE & CO | $4.4M | $13.17 | +$4.3M | +$3.4M | -0.2% | $1.47T |
| MILLENNIUM MANAGEMENT LLC | $4.3M | $12.88 | +$836K | +$3.7M | -0.5% | $127.40B |
| LSV ASSET MANAGEMENT | $4.1M | $11.76 | −$776K | −$2.6M | +0.0% | $46.40B |
| TWO SIGMA INVESTMENTS, LP | $3.4M | $12.65 | +$698K | +$2.2M | -0.9% | $117.03B |
| STALEY CAPITAL ADVISERS INC | $3.3M | $11.58 | +$987K | +$1.0M | -0.5% | $2.36B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.15%
avg per quarter
Holders (ex-self)
-0.15%
excl. this stock
Buyers (this Q)
-0.15%
135 buyers · $0.13B in
Sellers (this Q)
+0.02%
34 sellers · $0.01B out
alpha coverage: 86% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-7.7%
how holders react when this stock falls
On quiet Qs
-3.7%
−10% to +10% baseline
On rallies (+10%+)
-15.6%
how they react when this stock rises
Holders' portfolio flow this Q
+2.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.5%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.6%
Holder mid (any stock)
-2.9%
Holder rally (any stock)
-6.4%
Biggest decreases this quarter
MARSHALL WACE, LLPexited−$2.7MPoint72 Asset Management, L.P.exited−$813KLSV ASSET MANAGEMENT−$776Kα+0.0TEACHER RETIREMENT SYSTEM OF TEXASexited−$745KJANE STREET GROUP, LLCexited−$519KPRUDENTIAL FINANCIAL INCexited−$508KSchneider Downs Wealth Management Advisors, LPexited−$494KAMERICAN CENTURY COMPANIES INC−$448Kα+0.7THRIVENT FINANCIAL FOR LUTHERANSexited−$394KGSA CAPITAL PARTNERS LLPexited−$298K
New buyers this quarter
Top-5 holders · 45.9%
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
DIMENSIONAL FUND ADVISORS LP--
GEODE CAPITAL MANAGEMENT, LLC--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
FARMERS TRUST CO724KLSV ASSET MANAGEMENT308KMANUFACTURERS LIFE INSURANCE COMPANY, THE470KBEESE FULMER INVESTMENT MANAGEMENT, INC.373KMALTESE CAPITAL MANAGEMENT LLC—Pacific Ridge Capital Partners, LLC—HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC502KRENAISSANCE TECHNOLOGIES LLC55KKENNEDY CAPITAL MANAGEMENT LLC—BRIDGEWAY CAPITAL MANAGEMENT, LLC363K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$14.00-130.0%
Current Price$14.18
Analyst Ratings
2
5
Buy: 2Hold: 5Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$2.53M
8 txns · 4 insiders · 192,034 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-26 | BUY | Varischetti Nicholas D | director | 75,000 | $12.97 | $973K | $2.97M |
| 2026-03-19 | BUY | Richardson Gina A | director | 441 | $12.43 | $5K | $196K |
| 2026-03-05 | BUY | Richardson Gina A | director | 1,231 | $12.91 | $16K | $198K |
| 2026-03-03 | BUY | Muransky Edward | director | 40,000 | $12.74 | $510K | $2.50M |
| 2026-02-02 | BUY | Wallace Amber B | officer: SEVP/Chief Retail & Marketing | 15 | $13.02 | $195 | $727K |
| 2026-01-02 | BUY | Wallace Amber B | officer: SEVP/Chief Retail & Marketing | 14 | $13.35 | $187 | $745K |
| 2025-10-30 | BUY | Richardson Gina A | director | 1,833 | $12.99 | $24K | $180K |
| 2025-10-24 | BUY | Muransky Edward | director | 73,500 | $13.59 | $999K | $1.50M |
Order Flow (FINRA, ~3w lag)
14.5%retail-2.7pp
15.8%dark+2.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Farmers National Banc Corp.: Standard Entity Identification Lacking Substantive Financial Disclosure
Overall Risk
3/10
Fraud
2/10
Dilution
2/10
Insolvency
2/10
Earnings Overstated
3/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10