Farmers & Merchants Bancorp (OTCMKTS:FMCB) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Farmers & Merchants Bancorp's stock price has crossed above its 50-day moving average of $1,014.61, reaching a high of $1,040.00 during recent trading.
• The company reported $32.94 EPS with a revenue of $59.39 million for the last quarter, showcasing a solid net margin of 30.61% and a return on equity of 15.03%.
• A quarterly dividend of $5.00 will be paid to investors on October 1st, resulting in an annualized dividend of $20.00 and a yield of 1.9%.

Farmers & Merchants Bancorp (OTCMKTS:FMCB - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1,014.61 and traded as high as $1,040.00. Farmers & Merchants Bancorp shares last traded at $1,040.00, with a volume of 112 shares changing hands.

Farmers & Merchants Bancorp Stock Performance

The firm has a market capitalization of $742.32 million, a price-to-earnings ratio of 8.13 and a beta of 0.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The stock's 50-day moving average is $1,017.87 and its 200-day moving average is $1,009.16.

Farmers & Merchants Bancorp (OTCMKTS:FMCB - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $32.94 earnings per share for the quarter. The firm had revenue of $59.39 million for the quarter. Farmers & Merchants Bancorp had a net margin of 30.61% and a return on equity of 15.03%.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be issued a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 14.66%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts.