Hicks Capital Management LLC bought a new position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,513 shares of the financial services provider's stock, valued at approximately $347,000. Farmers & Merchants Bancorp makes up about 0.5% of Hicks Capital Management LLC's investment portfolio, making the stock its 25th largest holding. Hicks Capital Management LLC owned 0.11% of Farmers & Merchants Bancorp at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Farmers & Merchants Bancorp by 3.1% during the 4th quarter. Rhumbline Advisers now owns 19,077 shares of the financial services provider's stock worth $562,000 after acquiring an additional 571 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth approximately $345,000. Vanguard Group Inc. raised its position in Farmers & Merchants Bancorp by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 652,760 shares of the financial services provider's stock worth $19,224,000 after buying an additional 9,200 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Farmers & Merchants Bancorp by 134.8% in the 4th quarter. JPMorgan Chase & Co. now owns 44,830 shares of the financial services provider's stock valued at $1,320,000 after purchasing an additional 25,736 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Farmers & Merchants Bancorp by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,559 shares of the financial services provider's stock worth $370,000 after buying an additional 1,629 shares in the last quarter. Hedge funds and other institutional investors own 23.96% of the company's stock.
Farmers & Merchants Bancorp Price Performance
Shares of FMAO traded down $0.04 during mid-day trading on Monday, hitting $25.28. The company's stock had a trading volume of 29,055 shares, compared to its average volume of 17,883. The firm has a 50-day simple moving average of $24.36 and a 200 day simple moving average of $25.31. Farmers & Merchants Bancorp Inc. has a 1-year low of $20.88 and a 1-year high of $34.15. The firm has a market capitalization of $346.79 million, a P/E ratio of 12.51 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $28.07 million during the quarter, compared to the consensus estimate of $26.67 million. Farmers & Merchants Bancorp had a return on equity of 8.23% and a net margin of 15.15%. Analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current fiscal year.
Farmers & Merchants Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.2213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.89 annualized dividend and a dividend yield of 3.50%. Farmers & Merchants Bancorp's payout ratio is currently 43.56%.
Farmers & Merchants Bancorp Profile
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Free Report)
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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