Nuveen LLC Takes $817,000 Position in Farmers & Merchants Bancorp Inc. $FMAO

Key Points

• Nuveen LLC has acquired a new position in Farmers & Merchants Bancorp Inc., purchasing 34,179 shares valued at approximately $817,000.
• Farmers & Merchants Bancorp reported an earnings per share (EPS) of $0.56, surpassing analysts' expectations of $0.51.
• The company declared a quarterly dividend of $0.2213, yielding 3.4% with a dividend payout ratio of 40.74%.

Nuveen LLC bought a new stake in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,179 shares of the financial services provider's stock, valued at approximately $817,000. Nuveen LLC owned about 0.25% of Farmers & Merchants Bancorp as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Carnegie Investment Counsel lifted its stake in Farmers & Merchants Bancorp by 61.5% during the first quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider's stock valued at $349,000 after buying an additional 5,951 shares in the last quarter. Revisor Wealth Management LLC purchased a new stake in Farmers & Merchants Bancorp during the first quarter valued at about $278,000. Hicks Capital Management LLC purchased a new stake in Farmers & Merchants Bancorp during the first quarter valued at about $347,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Farmers & Merchants Bancorp during the first quarter valued at about $153,000. Finally, GAMMA Investing LLC lifted its stake in Farmers & Merchants Bancorp by 3,065.0% during the first quarter. GAMMA Investing LLC now owns 26,301 shares of the financial services provider's stock valued at $629,000 after buying an additional 25,470 shares in the last quarter. Hedge funds and other institutional investors own 23.96% of the company's stock.

Farmers & Merchants Bancorp Price Performance

FMAO stock opened at $26.10 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Farmers & Merchants Bancorp Inc. has a one year low of $20.88 and a one year high of $34.15. The firm has a market capitalization of $358.09 million, a PE ratio of 12.08 and a beta of 0.90. The firm has a 50-day moving average of $25.71 and a two-hundred day moving average of $24.65.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. Farmers & Merchants Bancorp had a net margin of 16.04% and a return on equity of 8.66%. The company had revenue of $29.65 million during the quarter, compared to analyst estimates of $28.67 million. On average, analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Monday, July 7th were paid a $0.2213 dividend. This represents a $0.89 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, July 7th. Farmers & Merchants Bancorp's dividend payout ratio is currently 40.74%.

Farmers & Merchants Bancorp Company 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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