Venture Visionary Partners LLC Sells 30,732 Shares of Farmers & Merchants Bancorp Inc. $FMAO

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 lessened its position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Free Report) by 49.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Farmers & Merchants Bancorp during the 1st quarter valued at approximately $817,000. Carnegie Investment Counsel boosted its holdings in shares of Farmers & Merchants Bancorp by 61.5% in 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 period. Revisor Wealth Management LLC purchased a new position in Farmers & Merchants Bancorp during the 1st quarter valued at $278,000. Hicks Capital Management LLC purchased a new position in Farmers & Merchants Bancorp during the 1st quarter valued at $347,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Farmers & Merchants Bancorp during the 1st quarter valued at $153,000. Hedge funds and other institutional investors own 23.96% of the company's stock.

Farmers & Merchants Bancorp Price Performance

FMAO opened at $25.29 on Thursday. The business has a fifty day moving average of $25.31 and a 200 day moving average of $24.70. Farmers & Merchants Bancorp Inc. has a 52-week low of $20.88 and a 52-week high of $34.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The stock has a market cap of $346.98 million, a P/E ratio of 11.71 and a beta of 0.87.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. Farmers & Merchants Bancorp had a return on equity of 8.66% and a net margin of 16.04%.The company had revenue of $29.65 million during the quarter, compared to analysts' expectations of $28.67 million. As a group, sell-side analysts anticipate that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.5%. Farmers & Merchants Bancorp's payout ratio is 40.74%.

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.

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