Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Farmers & Merchants Bancorp's stock price has crossed above its 50-day moving average of $25.68, trading as high as $26.25, signaling potential bullish momentum.
• The company reported a quarterly EPS of $0.56, surpassing expectations and generating a net margin of 16.04% alongside a revenue of $29.65 million.
• Farmers & Merchants Bancorp announced a quarterly dividend of $0.2213 per share, yielding 3.4% with a payout ratio of 40.74%.

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $25.68 and traded as high as $26.25. Farmers & Merchants Bancorp shares last traded at $26.10, with a volume of 14,073 shares changing hands.

Farmers & Merchants Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $358.09 million, a PE ratio of 12.08 and a beta of 0.90. The firm's fifty day simple moving average is $25.68 and its 200 day simple moving average is $24.68.

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

Farmers & Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 20th. Shareholders of record on Monday, July 7th were issued a $0.2213 dividend. This represents a $0.89 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, July 7th. Farmers & Merchants Bancorp's dividend payout ratio is presently 40.74%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC raised its position in shares of Farmers & Merchants Bancorp by 2.1% in the second quarter. Bridgeway Capital Management LLC now owns 19,257 shares of the financial services provider's stock worth $487,000 after acquiring an additional 401 shares during the period. BNP Paribas Financial Markets raised its position in shares of Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider's stock worth $49,000 after purchasing an additional 509 shares during the last quarter. Inspire Investing LLC raised its position in shares of Farmers & Merchants Bancorp by 6.2% during the 2nd quarter. Inspire Investing LLC now owns 15,229 shares of the financial services provider's stock worth $385,000 after purchasing an additional 885 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth about $909,000. Finally, Northern Trust Corp raised its position in shares of Farmers & Merchants Bancorp by 1.0% during the 4th quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider's stock worth $3,135,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.