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

Key Points

• Farmers & Merchants Bancorp's share price fell below its 200-day moving average, trading as low as $23.35, while the stock last traded at $23.67.
• The company reported earnings of $0.56 per share for the last quarter, exceeding analysts' expectations of $0.51, with a revenue of $29.65 million.
• Farmers & Merchants Bancorp announced a quarterly dividend of $0.2213, with a 3.7% yield and a payout ratio of 40.74%.

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.82 and traded as low as $23.35. Farmers & Merchants Bancorp shares last traded at $23.67, with a volume of 24,967 shares trading hands.

Farmers & Merchants Bancorp Stock Up 5.2%

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The company has a market cap of $354.81 million, a P/E ratio of 12.08 and a beta of 0.87. The company has a fifty day moving average of $25.08 and a 200 day moving average of $24.76.

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

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 20th. Stockholders of record on Monday, July 7th were given a dividend of $0.2213 per share. The ex-dividend date was Monday, July 7th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.4%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is presently 40.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMAO. Tower Research Capital LLC TRC grew its holdings in Farmers & Merchants Bancorp by 678.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,000 shares of the financial services provider's stock worth $59,000 after purchasing an additional 1,743 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Farmers & Merchants Bancorp in the first quarter valued at $153,000. Trust Co. of Toledo NA OH purchased a new stake in Farmers & Merchants Bancorp in the second quarter valued at $201,000. Franklin Resources Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the 2nd quarter worth about $210,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $225,000. 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.