Bridgeway Capital Management LLC Sells 51,400 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Bridgeway Capital Management LLC lessened its stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Free Report) by 83.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,200 shares of the financial services provider's stock after selling 51,400 shares during the period. Bridgeway Capital Management LLC owned approximately 0.07% of Farmers & Merchants Bancorp worth $300,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Farmers & Merchants Bancorp by 23.7% during the fourth quarter. Bank of America Corp DE now owns 21,373 shares of the financial services provider's stock worth $629,000 after acquiring an additional 4,088 shares during the period. Northern Trust Corp raised its stake in Farmers & Merchants Bancorp by 1.0% during the fourth quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider's stock worth $3,135,000 after purchasing an additional 1,089 shares during the period. Stifel Financial Corp purchased a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter valued at approximately $311,000. Tower Research Capital LLC TRC increased its stake in Farmers & Merchants Bancorp by 678.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,000 shares of the financial services provider's stock worth $59,000 after buying an additional 1,743 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Farmers & Merchants Bancorp by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 163,209 shares of the financial services provider's stock valued at $4,806,000 after purchasing an additional 17,339 shares during the last quarter. Hedge funds and other institutional investors own 23.96% of the company's stock.

Farmers & Merchants Bancorp Stock Down 3.2%

Shares of Farmers & Merchants Bancorp stock traded down $0.86 during trading hours on Friday, hitting $25.62. The company had a trading volume of 18,095 shares, compared to its average volume of 26,495. The company has a market cap of $351.46 million, a P/E ratio of 13.48 and a beta of 0.88. The company's 50-day moving average is $23.81 and its two-hundred day moving average is $26.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. Farmers & Merchants Bancorp, Inc. has a twelve month low of $19.95 and a twelve month high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The business had revenue of $28.07 million during the quarter, compared to the consensus estimate of $26.67 million. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. Analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, April 4th were given a $0.2213 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.89 dividend on an annualized basis and a yield of 3.45%. Farmers & Merchants Bancorp's dividend payout ratio is presently 43.56%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.