Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• Farmers & Merchants Bancorp's stock price fell below its 200-day moving average of $24.70, indicating a potential bearish trend after last trading at $25.29.
• The company reported $0.56 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $29.65 million.
• A quarterly dividend of $0.2213 was recently paid, reflecting a dividend yield of 3.5%, with a payout ratio of 40.74%.

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.70 and traded as low as $24.70. Farmers & Merchants Bancorp shares last traded at $25.29, with a volume of 12,001 shares trading hands.

Farmers & Merchants Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm's 50 day moving average is $25.49 and its 200-day moving average is $24.66. The stock has a market capitalization of $367.83 million, a price-to-earnings ratio of 12.41 and a beta of 0.87.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.56 earnings per share (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 firm had revenue of $29.65 million during the quarter, compared to analysts' expectations of $28.67 million. Analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Monday, July 7th were paid a $0.2213 dividend. This represents a $0.89 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, July 7th. Farmers & Merchants Bancorp's payout ratio is currently 40.74%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Farmers & Merchants Bancorp by 36.0% during the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider's stock worth $49,000 after acquiring an additional 509 shares during the period. Tower Research Capital LLC TRC raised its position in Farmers & Merchants Bancorp by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,000 shares of the financial services provider's stock worth $59,000 after acquiring an additional 1,743 shares during the period. Tower Research Capital LLC TRC raised its position in Farmers & Merchants Bancorp by 948.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider's stock worth $112,000 after acquiring an additional 4,013 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Farmers & Merchants Bancorp during the first quarter worth $153,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Farmers & Merchants Bancorp during the second quarter worth $201,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

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.