Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Now Covered by Sandler O’Neill

Analysts at Sandler O’Neill started coverage on shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) in a research note issued on Wednesday, Marketbeat reports. The brokerage set a “hold” rating and a $27.00 price target on the financial services provider’s stock. Sandler O’Neill’s price objective indicates a potential upside of 5.51% from the stock’s current price.

A number of other equities analysts also recently commented on FMAO. ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

Farmers & Merchants Bancorp, Inc. (OH) stock traded down $0.39 during midday trading on Wednesday, reaching $25.59. The stock had a trading volume of 5,903 shares, compared to its average volume of 14,915. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. Farmers & Merchants Bancorp, Inc. has a 52-week low of $24.30 and a 52-week high of $46.92. The firm has a market cap of $288.98 million, a price-to-earnings ratio of 15.23 and a beta of 0.29. The company has a fifty day moving average of $25.79 and a 200 day moving average of $28.29.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.07). Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 9.22% and a net margin of 23.86%. The firm had revenue of $17.52 million during the quarter, compared to analysts’ expectations of $15.64 million. Equities research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.58 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Farmers & Merchants Bancorp, Inc. (OH) by 21.7% in the 2nd quarter. BlackRock Inc. now owns 555,651 shares of the financial services provider’s stock worth $16,181,000 after acquiring an additional 99,207 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 49.0% during the second quarter. Renaissance Technologies LLC now owns 36,200 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 11,900 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 41,089 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 6,315 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 10.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,600 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Farmers & Merchants Bancorp, Inc. (OH) during the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 18.34% of the company’s stock.

About Farmers & Merchants Bancorp, Inc. (OH)

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 deposit; and custodial services for individual retirement accounts and health savings accounts.

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