Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) announced a quarterly dividend on Tuesday, June 24th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be given a dividend of 0.2213 per share by the financial services provider on Sunday, July 20th. This represents a $0.89 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Monday, July 7th.
Farmers & Merchants Bancorp has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 44.1%.
Farmers & Merchants Bancorp Stock Performance
Shares of FMAO traded up $0.07 during trading hours on Friday, reaching $25.32. 43,560 shares of the company traded hands, compared to its average volume of 23,980. The stock's fifty day moving average is $24.36 and its 200 day moving average is $25.36. The stock has a market cap of $347.39 million, a P/E ratio of 12.53 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. Farmers & Merchants Bancorp has a 1-year low of $20.88 and a 1-year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. Farmers & Merchants Bancorp had a return on equity of 8.23% and a net margin of 15.15%. The firm had revenue of $28.07 million for the quarter, compared to analyst estimates of $26.67 million. Equities research analysts anticipate that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Farmers & Merchants Bancorp stock. Jane Street Group LLC purchased a new stake in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,877 shares of the financial services provider's stock, valued at approximately $380,000. Jane Street Group LLC owned 0.12% of Farmers & Merchants Bancorp at the end of the most recent reporting period. 23.96% of the stock is currently owned by institutional investors.
Farmers & Merchants Bancorp Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Farmers & Merchants Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Farmers & Merchants Bancorp wasn't on the list.
While Farmers & Merchants Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
