Monitor for any future 13G amendments from Vanguard Capital Management to track stake changes, and watch for any 13D conversion if the fund's intent shifts. The passive filing itself is routine and does not signal a change in company outlook.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed a Schedule 13G disclosing a 5% passive stake in Farmers National Banc Corp as of September 30, 2026, with 2,962,409 shares held. This is a new 13G filing by Vanguard Capital Management, distinct from the prior Vanguard Group Inc. 13G/A filed in March 2026, and follows the company's Q3 earnings report two days ago. The passive nature and moderate stake size suggest routine index-fund or managed-account positioning, not an activist intent.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC filed a new Schedule 13G for Farmers National Banc Corp (FMNB) on October 30, 2026.
- The filing reports beneficial ownership of 2,962,409 shares of common stock, representing 5% of shares outstanding as of September 30, 2026.
- The filing certifies passive intent under Rule 13d-1(b), with no purpose of changing or influencing control.
- This is a new 13G filing by Vanguard Capital Management, separate from the prior Vanguard Group Inc. 13G/A filed in March 2026.
- The filing follows FMNB's Q3 2026 earnings report on October 28, which showed GAAP net income of $14.5M ($0.25 diluted EPS) and adjusted non-GAAP EPS of $0.47, above consensus of $0.41.
Financial Impact
Vanguard Capital Management holds 2,962,409 shares, a 5% stake. At the current market cap of $917M, the stake is valued at approximately $45.9M.
Risk Factors
- No activist intent is indicated, but a future conversion to 13D could signal a shift in strategy.
- The filing does not disclose the exact date of reaching the 5% threshold, only the reporting date of September 30, 2026.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002100119-26-001598 |
| Document: 0002100119-26-001598-index.html | 0002100119-26-001598 |
| Document: 0002100119-26-001598.txt | 0002100119-26-001598 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $15.87 | awaiting T+60 | awaiting T+60 | $15.64 (−1.45%) |
Oct 28, 2026 4d ago | 8-K | $15.48 | awaiting T+60 | awaiting T+60 | $15.64 (+1.03%) |
Sep 18, 2026 6w ago | 8-K | $15.32 | awaiting T+60 | awaiting T+60 | $15.64 (+2.12%) |
Jul 22, 2026 14w ago | 8-K | $15.00 $15.20 | ▲ +1.33% | ▼ −1.93% | $15.64 (+4.27%) |
Apr 22, 2026 27w ago | 8-K | $13.92 $14.64 | ▲ +5.17% | ▲ +0.39% | $15.64 (+12.36%) |
Apr 16, 2026 28w ago | 8-K | $14.17 $14.26 | ▲ +0.64% | ▼ −5.51% | $15.64 (+10.37%) |
Mar 3, 2026 34w ago | Insider Cluster | $13.13 $14.19 | ▲ +8.07% | ▼ −2.24% | $15.64 (+19.12%) |
US Market Status
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