Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Acquired Rep. Robert E. Latta

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. NASDAQ: FMAO. In a filing disclosed on April 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on April 20th.

Farmers & Merchants Bancorp Stock Down 7.1 %

FMAO traded down $1.87 during midday trading on Thursday, hitting $24.30. 36,049 shares of the company's stock traded hands, compared to its average volume of 26,355. The company has a market cap of $332.91 million, a PE ratio of 12.79 and a beta of 0.75. The stock's fifty day simple moving average is $23.66 and its 200-day simple moving average is $27.18. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. Farmers & Merchants Bancorp, Inc. has a one year low of $19.95 and a one year high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $28.07 million during the quarter, compared to analysts' expectations of $26.67 million. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. As a group, equities analysts anticipate 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, April 20th. Stockholders of record on Friday, April 4th were given a $0.2213 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, April 4th. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 46.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FMAO. Tower Research Capital LLC TRC raised its position 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 valued at $59,000 after buying an additional 1,743 shares during the last quarter. SG Americas Securities LLC grew its stake in Farmers & Merchants Bancorp by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 5,281 shares of the financial services provider's stock worth $156,000 after buying an additional 846 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Farmers & Merchants Bancorp during the first quarter worth about $153,000. Squarepoint Ops LLC bought a new stake in shares of Farmers & Merchants Bancorp during the fourth quarter valued at approximately $225,000. Finally, Stifel Financial Corp bought a new position in Farmers & Merchants Bancorp in the fourth quarter valued at approximately $311,000. Institutional investors and hedge funds own 23.96% of the company's stock.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio's 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2027. Latta (Republican Party) ran for re-election to the U.S. House to represent Ohio's 5th Congressional District. He won in the general election on November 5, 2024.

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.