Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Farmers & Merchants Bancorp reported earnings of $0.56 per share, exceeding analysts' expectations by $0.05.
• The company declared a quarterly dividend of $0.2213 per share, yielding 3.43% annually.
• A new institutional investor, Jane Street Group LLC, acquired a position worth approximately $380,000 in Farmers & Merchants Bancorp in the first quarter.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) issued its earnings results on Monday. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.05, Zacks reports. Farmers & Merchants Bancorp had a return on equity of 8.23% and a net margin of 15.15%.

Farmers & Merchants Bancorp Stock Up 0.2%

NASDAQ:FMAO traded up $0.05 during mid-day trading on Monday, reaching $25.82. The stock had a trading volume of 11,183 shares, compared to its average volume of 19,301. The business's 50 day moving average is $25.01 and its 200 day moving average is $24.92. Farmers & Merchants Bancorp has a fifty-two week low of $20.88 and a fifty-two week high of $34.15. The stock has a market cap of $354.20 million, a P/E ratio of 12.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 0.98.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Monday, July 7th were issued a $0.2213 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.89 dividend on an annualized basis and a yield of 3.43%. Farmers & Merchants Bancorp's dividend payout ratio is currently 43.56%.

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 bought a new position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 SEC filing. 23.96% of the stock is owned by institutional investors and hedge funds.

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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