New York State Common Retirement Fund Takes Position in Farmers & Merchants Bancorp Inc. (FMAO)

New York State Common Retirement Fund purchased a new stake in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,800 shares of the financial services provider’s stock, valued at approximately $298,000. New York State Common Retirement Fund owned about 0.10% of Farmers & Merchants Bancorp at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FMAO. Nationwide Fund Advisors bought a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $139,000. Rhumbline Advisers bought a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $296,000. Tufton Capital Management bought a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $457,000. Schwab Charles Investment Management Inc. bought a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $472,000. Finally, Teachers Advisors LLC bought a new position in Farmers & Merchants Bancorp during the second quarter valued at approximately $498,000. 5.36% of the stock is owned by institutional investors.

A number of brokerages recently commented on FMAO. Zacks Investment Research lowered Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a research note on Thursday, October 19th. Finally, ValuEngine lowered Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st.

In other news, Director Anthony Rupp sold 2,072 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total value of $180,471.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward A. Leininger sold 2,230 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $71.62, for a total value of $159,712.60. The disclosure for this sale can be found here. Insiders sold a total of 6,183 shares of company stock valued at $439,793 over the last ninety days. Corporate insiders own 5.03% of the company’s stock.

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Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) opened at $37.99 on Monday. The company has a market capitalization of $352.04, a P/E ratio of 28.14 and a beta of 0.06. Farmers & Merchants Bancorp Inc. has a one year low of $16.50 and a one year high of $43.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 0.92.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $11.84 million during the quarter, compared to analyst estimates of $11.85 million. Farmers & Merchants Bancorp had a return on equity of 9.65% and a net margin of 24.46%. equities analysts anticipate that Farmers & Merchants Bancorp Inc. will post 1.35 EPS for the current year.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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Institutional Ownership by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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