GAMMA Investing LLC raised its holdings in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) by 3,065.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,301 shares of the financial services provider's stock after acquiring an additional 25,470 shares during the quarter. GAMMA Investing LLC owned approximately 0.19% of Farmers & Merchants Bancorp worth $629,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of 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. Northern Trust Corp grew its stake in shares of Farmers & Merchants Bancorp by 1.0% during the 4th quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider's stock worth $3,135,000 after acquiring an additional 1,089 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Farmers & Merchants Bancorp by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,559 shares of the financial services provider's stock valued at $370,000 after buying an additional 1,629 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $59,000 after buying an additional 1,743 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Farmers & Merchants Bancorp by 15.3% in the fourth quarter. Barclays PLC now owns 19,159 shares of the financial services provider's stock valued at $565,000 after buying an additional 2,549 shares in the last quarter. 23.96% of the stock is owned by institutional investors.
Farmers & Merchants Bancorp Stock Down 0.5%
Shares of NASDAQ:FMAO traded down $0.11 during midday trading on Friday, hitting $23.92. The stock had a trading volume of 35,400 shares, compared to its average volume of 24,522. Farmers & Merchants Bancorp Inc. has a 12 month low of $20.88 and a 12 month high of $34.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. The business's 50-day simple moving average is $24.03 and its 200-day simple moving average is $25.74. The company has a market cap of $328.18 million, a P/E ratio of 11.90 and a beta of 0.86.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its 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. Farmers & Merchants Bancorp had a net margin of 15.15% and a return on equity of 8.23%. The business had revenue of $28.07 million during the quarter, compared to analysts' expectations of $26.67 million. On average, sell-side 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, April 20th. Investors of record on Friday, April 4th were paid a $0.2213 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.89 annualized dividend and a dividend yield of 3.70%. Farmers & Merchants Bancorp's dividend payout ratio is presently 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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