Farmers & Merchants Bancorp Inc. Plans Quarterly Dividend of $0.22 (NASDAQ:FMAO)

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) announced a quarterly dividend on Wednesday, June 25th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be paid 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 3.60%. The ex-dividend date is Monday, July 7th.

Farmers & Merchants Bancorp has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.6%

Shares of FMAO stock traded down $0.40 on Wednesday, reaching $24.59. 11,444 shares of the company's stock traded hands, compared to its average volume of 24,287. The company has a market capitalization of $337.37 million, a P/E ratio of 12.17 and a beta of 0.86. Farmers & Merchants Bancorp has a 12-month low of $20.88 and a 12-month high of $34.15. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50 day moving average price is $24.20 and its two-hundred day moving average price is $25.52.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $28.07 million for the quarter, compared to analysts' expectations of $26.67 million. Farmers & Merchants Bancorp had a return on equity of 8.23% and a net margin of 15.15%. On average, equities analysts forecast that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current year.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

An institutional investor recently bought a new position in Farmers & Merchants Bancorp stock. Jane Street Group LLC acquired a new position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission. 23.96% of the stock is owned by hedge funds and other institutional investors.

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.

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