Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given Farmers & Merchants Bancorp an industry rank of 129 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on FMAO shares. Zacks Investment Research downgraded Farmers & Merchants Bancorp from a “buy” rating to a “sell” rating in a report on Tuesday, February 20th. ValuEngine upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp in a report on Tuesday, February 13th.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $12.25 million during the quarter, compared to the consensus estimate of $12.18 million. Farmers & Merchants Bancorp had a return on equity of 9.67% and a net margin of 24.47%. analysts anticipate that Farmers & Merchants Bancorp will post 1.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Tuesday, March 27th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 26th. This represents a $0.52 annualized dividend and a dividend yield of 1.30%. Farmers & Merchants Bancorp’s payout ratio is currently 37.68%.
In related news, Director Steven Everhart sold 2,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $42.21, for a total value of $84,420.00. Following the completion of the sale, the director now directly owns 19,580 shares in the company, valued at $826,471.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.51% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in shares of Farmers & Merchants Bancorp by 84.8% during the 3rd quarter. California State Teachers Retirement System now owns 14,600 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 6,700 shares during the period. American International Group Inc. grew its stake in Farmers & Merchants Bancorp by 279.2% during the third quarter. American International Group Inc. now owns 10,433 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 7,682 shares in the last quarter. First Trust Advisors LP purchased a new position in Farmers & Merchants Bancorp during the fourth quarter valued at approximately $456,000. Bank of New York Mellon Corp grew its stake in Farmers & Merchants Bancorp by 161.4% during the third quarter. Bank of New York Mellon Corp now owns 33,334 shares of the financial services provider’s stock valued at $1,215,000 after acquiring an additional 20,580 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Farmers & Merchants Bancorp by 104.2% during the third quarter. Rhumbline Advisers now owns 9,758 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 4,979 shares in the last quarter. Hedge funds and other institutional investors own 14.22% of the company’s stock.
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Farmers & Merchants Bancorp Company Profile
Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.
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