Farmer's added to MSCI Micro Cap Index
CANFIELD — Farmers National Bank will now count itself among a third globally recognized stock index after being added today to the MSCI Micro Cap Index.
The MSCI measures the performance of the micro-cap segment of the U.S. equity market. Known formerly as Morgan Stanley Capital International, the index selected 37 new companies after conducting its quarterly assessment in November. At last count, it consisted of 902 companies.
Farmer’s trades under the FMNB symbol. The move was made in time for this morning's opening bell.
Today’s move means greater exposure for Farmers, which last week announced a special dividend after strong earnings through the first nine months of 2012, while also continuing steady growth and being named to American Banker Magazine’s 200 best community banks list earlier this year.
For details, watch Vindy.com and see Tuesday's Vindicator.