Farmers & Merchants Bancorp (FMAO) Announces Quarterly Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) released its earnings results on Thursday. The financial services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02, Bloomberg Earnings reports. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%.

Shares of Farmers & Merchants Bancorp (NASDAQ FMAO) traded up $0.61 on Friday, hitting $38.70. 6,293 shares of the stock traded hands, compared to its average volume of 13,322. The firm has a market cap of $364.64, a PE ratio of 29.41 and a beta of 0.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.92 and a quick ratio of 0.92. Farmers & Merchants Bancorp has a 12 month low of $19.13 and a 12 month high of $44.00.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Tuesday, December 26th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.52 annualized dividend and a dividend yield of 1.34%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 38.52%.

In other news, insider Todd A. Graham sold 2,800 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $36.94, for a total value of $103,432.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.03% of the company’s stock.

An institutional investor recently bought a new position in Farmers & Merchants Bancorp stock. State Street Corp acquired a new position in Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,251 shares of the financial services provider’s stock, valued at approximately $884,000. State Street Corp owned about 0.31% of Farmers & Merchants Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 13.59% of the company’s stock.

Several equities analysts have commented on FMAO shares. ValuEngine cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a research note on Thursday, October 19th.

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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.

Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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