GAMMA Investing LLC Increases Stock Position in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO)

GAMMA Investing LLC raised its holdings in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) by 3,065.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 9,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Farmers & Merchants Bancorp by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 163,209 shares of the financial services provider's stock worth $4,806,000 after acquiring an additional 17,339 shares during the last quarter. Northern Trust Corp lifted 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 valued at $3,135,000 after buying an additional 1,089 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Farmers & Merchants Bancorp by 9.1% during the 4th quarter. First Trust Advisors LP now owns 47,703 shares of the financial services provider's stock valued at $1,405,000 after buying an additional 3,996 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Farmers & Merchants Bancorp by 134.8% during the 4th quarter. JPMorgan Chase & Co. now owns 44,830 shares of the financial services provider's stock valued at $1,320,000 after buying an additional 25,736 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 $0.11 during trading hours on Friday, reaching $23.92. 35,400 shares of the stock traded hands, compared to its average volume of 24,426. 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 Inc. has a 52-week low of $20.88 and a 52-week high of $34.15. The company's 50-day moving average price is $24.07 and its two-hundred day moving average price is $25.58. The company has a market cap of $328.18 million, a P/E ratio of 11.84 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 analysts' consensus estimates 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 company had revenue of $28.07 million for the quarter, compared to analysts' expectations of $26.67 million. On average, analysts anticipate that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

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 dividend of $0.2213 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, April 4th. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 43.56%.

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.