Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Crosses Below 200 Day Moving Average - Here's Why

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.93 and traded as low as $23.76. Farmers & Merchants Bancorp shares last traded at $23.76, with a volume of 7,594 shares traded.

Farmers & Merchants Bancorp Stock Down 1.5%

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $328.27 million, a price-to-earnings ratio of 12.59 and a beta of 0.88. The business has a fifty day moving average price of $23.91 and a two-hundred day moving average price of $26.75.

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

Farmers & Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, April 4th were paid a dividend of $0.2213 per share. This represents a $0.89 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Friday, April 4th. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is currently 43.56%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FMAO. JPMorgan Chase & Co. grew its holdings in shares of Farmers & Merchants Bancorp by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 12,827 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Farmers & Merchants Bancorp by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 5,281 shares of the financial services provider's stock worth $156,000 after acquiring an additional 846 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Farmers & Merchants Bancorp during the fourth quarter worth about $345,000. Tower Research Capital LLC TRC grew 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 last quarter. Finally, Northern Trust Corp increased its holdings in shares of Farmers & Merchants Bancorp by 1.0% in the 4th quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider's stock valued at $3,135,000 after acquiring an additional 1,089 shares during the period. Hedge funds and other institutional investors own 23.96% of the company's stock.

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.