Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) is set to issue its quarterly earnings data on Wednesday, April 17th.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.09. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. The business had revenue of $23.86 million during the quarter, compared to analysts' expectations of $22.90 million. On average, analysts expect Farmers & Merchants Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Farmers & Merchants Bancorp Trading Up 1.0 %
Shares of FMAO traded up $0.20 during trading hours on Tuesday, reaching $20.23. The stock had a trading volume of 6,081 shares, compared to its average volume of 19,330. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.93. Farmers & Merchants Bancorp has a 52 week low of $16.90 and a 52 week high of $27.78. The firm has a 50-day moving average of $20.93 and a 200 day moving average of $20.78. The company has a market cap of $276.34 million, a P/E ratio of 11.99 and a beta of 0.61.
Farmers & Merchants Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 29th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, March 27th. Farmers & Merchants Bancorp's dividend payout ratio is currently 52.69%.
Insiders Place Their Bets
In other news, Director Jo Ellen Hornish bought 3,594 shares of the stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $20.56 per share, for a total transaction of $73,892.64. Following the acquisition, the director now owns 40,000 shares in the company, valued at $822,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.89% of the company's stock.
Hedge Funds Weigh In On Farmers & Merchants Bancorp
Several hedge funds have recently modified their holdings of FMAO. JPMorgan Chase & Co. grew its holdings in shares of Farmers & Merchants Bancorp by 225.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,120 shares of the financial services provider's stock valued at $402,000 after acquiring an additional 7,698 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Farmers & Merchants Bancorp by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 28,250 shares of the financial services provider's stock valued at $1,021,000 after acquiring an additional 307 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Farmers & Merchants Bancorp by 80.1% in the 1st quarter. Citigroup Inc. now owns 9,191 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 4,089 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Farmers & Merchants Bancorp by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 81,878 shares of the financial services provider's stock valued at $2,960,000 after acquiring an additional 13,335 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Farmers & Merchants Bancorp by 2.6% in the 1st quarter. Northern Trust Corp now owns 19,802 shares of the financial services provider's stock valued at $716,000 after acquiring an additional 503 shares in the last quarter. Institutional investors own 23.96% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Hovde Group assumed coverage on shares of Farmers & Merchants Bancorp in a research report on Friday, April 5th. They issued a "market perform" rating and a $22.00 price objective for the company.
Check Out Our Latest Analysis on Farmers & Merchants Bancorp
About Farmers & Merchants Bancorp
(
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Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.
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