Goldman Sachs Group Inc. Has $448,000 Position in Farmers & Merchants Bancorp Inc. $FMAO

Key Points

• Goldman Sachs Group Inc. cut its stake in Farmers & Merchants Bancorp Inc. by 62.0%, now holding 18,735 shares valued at approximately $448,000.
• Other institutional investors, such as Thurston Springer Miller Herd & Titak Inc. and Carnegie Investment Counsel, have also made new acquisitions or increased their stakes in Farmers & Merchants Bancorp during recent quarters.
• Farmers & Merchants Bancorp's stock has a current market capitalization of $360.70 million, with a PE ratio of 12.17 and reported earnings per share of $0.56 for the last quarter, exceeding estimates.

Goldman Sachs Group Inc. reduced its holdings in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) by 62.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,735 shares of the financial services provider's stock after selling 30,573 shares during the period. Goldman Sachs Group Inc. owned 0.14% of Farmers & Merchants Bancorp worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Farmers & Merchants Bancorp in the 1st quarter valued at $153,000. Squarepoint Ops LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $225,000. Revisor Wealth Management LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth about $278,000. Hicks Capital Management LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 1st quarter worth about $347,000. Finally, Carnegie Investment Counsel increased its stake in shares of Farmers & Merchants Bancorp by 61.5% during the 1st quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider's stock worth $349,000 after purchasing an additional 5,951 shares during the last quarter. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Stock Up 2.2%

Farmers & Merchants Bancorp stock opened at $26.29 on Friday. The firm has a market capitalization of $360.70 million, a PE ratio of 12.17 and a beta of 0.90. The company's 50-day moving average is $25.67 and its 200-day moving average is $24.78. Farmers & Merchants Bancorp Inc. has a fifty-two week low of $20.88 and a fifty-two week 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 released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $29.65 million for the quarter, compared to analyst estimates of $28.67 million. Farmers & Merchants Bancorp had a net margin of 16.04% and a return on equity of 8.66%. Sell-side analysts anticipate that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Profile

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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