Farmers & Merchants Bancorp's (FMAO) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Farmers & Merchants Bancorp's stock has received a "hold (C+)" rating from Weiss Ratings, reiterating its previous assessment.
• Zacks Research has downgraded FMAO from a "strong-buy" to a "hold" rating, contributing to a consensus hold rating among analysts.
• Despite the mixed ratings, Farmers & Merchants Bancorp reported strong earnings for the last quarter, exceeding estimates with $0.56 earnings per share.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report)'s stock had its "hold (c+)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of Farmers & Merchants Bancorp from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Farmers & Merchants Bancorp Trading Up 1.7%

NASDAQ:FMAO opened at $25.18 on Wednesday. The company has a market cap of $345.47 million, a P/E ratio of 11.66 and a beta of 0.88. The stock's fifty day moving average price is $25.54 and its two-hundred day moving average price is $24.85. Farmers & Merchants Bancorp has a 1 year low of $20.88 and a 1 year high of $34.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96.

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, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $29.65 million for the quarter, compared to the consensus estimate of $28.67 million. Farmers & Merchants Bancorp had a return on equity of 8.66% and a net margin of 16.04%. As a group, analysts expect that Farmers & Merchants Bancorp will post 1.82 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FMAO. GAMMA Investing LLC increased its stake in Farmers & Merchants Bancorp by 3,065.0% in the first quarter. GAMMA Investing LLC now owns 26,301 shares of the financial services provider's stock valued at $629,000 after acquiring an additional 25,470 shares during the last quarter. Hicks Capital Management LLC bought a new position in Farmers & Merchants Bancorp in the first quarter valued at $347,000. Revisor Wealth Management LLC bought a new position in Farmers & Merchants Bancorp in the first quarter valued at $278,000. Carnegie Investment Counsel increased its stake in Farmers & Merchants Bancorp by 61.5% in the first quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider's stock valued at $349,000 after acquiring an additional 5,951 shares during the last quarter. Finally, Nuveen LLC bought a new position in Farmers & Merchants Bancorp in the first quarter valued at $817,000. 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.

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