Farmers & Merchants Bancorp Inc. $FMAO Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its stake in Farmers & Merchants Bancorp Inc. by 49.9%, selling 30,732 shares in the first quarter, and now holds approximately 0.22% of the company.
• Farmers & Merchants Bancorp reported quarterly earnings per share of $0.56, surpassing analysts' expectations of $0.51, alongside a revenue of $29.65 million.
• The company announced a quarterly dividend of $0.2213 per share, equating to an annualized yield of 3.5% with a payout ratio of 40.74%.

Venture Visionary Partners LLC lowered its stake in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) by 49.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,804 shares of the financial services provider's stock after selling 30,732 shares during the quarter. Venture Visionary Partners LLC owned about 0.22% of Farmers & Merchants Bancorp worth $737,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of Farmers & Merchants Bancorp by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,000 shares of the financial services provider's stock worth $59,000 after buying an additional 1,743 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position 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 fourth quarter worth about $225,000. Revisor Wealth Management LLC acquired a new position in shares of Farmers & Merchants Bancorp during the first quarter worth about $278,000. Finally, Stifel Financial Corp acquired a new position in shares of Farmers & Merchants Bancorp during the fourth quarter worth about $311,000. Institutional investors and hedge funds own 23.96% of the company's stock.

Farmers & Merchants Bancorp Price Performance

FMAO stock traded up $0.26 during trading on Tuesday, reaching $26.56. 1,173 shares of the company were exchanged, compared to its average volume of 19,641. The company has a market cap of $364.40 million, a P/E ratio of 12.30 and a beta of 0.87. Farmers & Merchants Bancorp Inc. has a 52-week low of $20.88 and a 52-week high of $34.15. The stock's 50 day moving average price is $25.42 and its 200 day moving average price is $24.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.96.

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

Farmers & Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Monday, July 7th were given a dividend of $0.2213 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.89 annualized dividend and a yield of 3.3%. Farmers & Merchants Bancorp's dividend payout ratio is 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.