Farmers & Merchants Bancorp (NASDAQ:FMAO) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Farmers & Merchants Bancorp's share price has surpassed its 50-day moving average of $25.66, trading at a high of $26.39 during Tuesday's session.
• The company reported earnings per share of $0.56, exceeding analysts' expectations of $0.51, with a revenue of $29.65 million for the last quarter.
• Recent changes in institutional positions include a new stake from Nuveen LLC valued at approximately $817,000, indicating growing interest from institutional investors.

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.66 and traded as high as $26.39. Farmers & Merchants Bancorp shares last traded at $26.02, with a volume of 19,118 shares trading hands.

Farmers & Merchants Bancorp Stock Up 0.8%

The business's 50 day moving average price is $25.66 and its 200-day moving average price is $24.74. The firm has a market capitalization of $356.99 million, a PE ratio of 12.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. The business had revenue of $29.65 million for the quarter, compared to the consensus estimate of $28.67 million. Farmers & Merchants Bancorp had a net margin of 16.04% and a return on equity of 8.66%. As a group, equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FMAO. Nuveen LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the 1st quarter valued at approximately $817,000. GAMMA Investing LLC grew its holdings in shares of Farmers & Merchants Bancorp by 3,065.0% in the first quarter. GAMMA Investing LLC now owns 26,301 shares of the financial services provider's stock valued at $629,000 after purchasing an additional 25,470 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Farmers & Merchants Bancorp in the first quarter valued at approximately $380,000. Los Angeles Capital Management LLC acquired a new position in shares of Farmers & Merchants Bancorp in the second quarter valued at approximately $367,000. Finally, Hicks Capital Management LLC acquired a new position in shares of Farmers & Merchants Bancorp in the first quarter valued at approximately $347,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Company Profile

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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