About Farmers & Merchants Bancorp (NASDAQ:FMAO)
Farmers & Merchants Bancorp, Inc. is a bank holding company. The Company's primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company's other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company. The Bank is engaged in general commercial banking business. The Bank's activities include commercial, agricultural and residential mortgage as well as consumer and credit card lending activities. The Bank's loan portfolio consists of loans made to customers in the farming industry for such things as farm land, farm equipment, livestock and operating loans for seed, fertilizer and feed. Its other types of lending activities include loans for home improvements and loans for such items as autos, trucks, recreational vehicles and motorcycles. The Bank also provides checking account services, as well as savings and time deposit services, such as certificates of deposits.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:FMAO
- CUSIP: N/A
- Web: www.fm-bank.com
- Market Cap: $367.85 million
- Outstanding Shares: 9,155,000
- 50 Day Moving Avg: $38.54
- 200 Day Moving Avg: $29.94
- 52 Week Range: $16.40 - $43.90
Sales & Book Value:
- Trailing P/E Ratio: 30.26
- Foreward P/E Ratio: 27.90
- P/E Growth: 0.00
- Annual Revenue: $45.14 million
- Price / Sales: 8.15
- Book Value: $14.33 per share
- Price / Book: 2.80
- Annual Dividend: $0.52
- Dividend Yield: 1.3%
- Net Margins: 24.46%
- Return on Equity: 9.74%
- Return on Assets: 1.17%
- Debt-to-Equity Ratio: 0.38%
- Current Ratio: 0.92%
- Quick Ratio: 0.92%
- Average Volume: 18,900 shs.
- Beta: 0.06
- Short Ratio: 19.23
Frequently Asked Questions for Farmers & Merchants Bancorp (NASDAQ:FMAO)
What is Farmers & Merchants Bancorp's stock symbol?
Farmers & Merchants Bancorp trades on the NASDAQ under the ticker symbol "FMAO."
How often does Farmers & Merchants Bancorp pay dividends? What is the dividend yield for Farmers & Merchants Bancorp?
Farmers & Merchants Bancorp announced a quarterly dividend on Friday, September 15th. Shareholders of record on Tuesday, September 26th will be paid a dividend of $0.13 per share on Friday, October 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, September 25th. View Farmers & Merchants Bancorp's Dividend History.
When did Farmers & Merchants Bancorp's stock split? How did Farmers & Merchants Bancorp's stock split work?
Shares of Farmers & Merchants Bancorp split before market open on Thursday, September 21st 2017. The 2-1 split was announced on Friday, August 18th 2017. The newly issued shares were payable to shareholders after the market closes on Wednesday, September 20th 2017. An investor that had 100 shares of Farmers & Merchants Bancorp stock prior to the split would have 200 shares after the split.
How were Farmers & Merchants Bancorp's earnings last quarter?
Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) announced its quarterly earnings data on Wednesday, October, 18th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.35. The firm had revenue of $11.84 million for the quarter, compared to the consensus estimate of $11.85 million. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.74%. View Farmers & Merchants Bancorp's Earnings History.
When will Farmers & Merchants Bancorp make its next earnings announcement?
What are analysts saying about Farmers & Merchants Bancorp stock?
Here are some recent quotes from research analysts about Farmers & Merchants Bancorp stock:
- 1. According to Zacks Investment Research, "Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. " (10/20/2017)
- 2. Boenning Scattergood analysts commented, "We believe Farmers & Merchants is poised to consistently generate high-quality earnings. Management has worked diligently to reposition the balance sheet for accelerated loan growth through a combination of securities sales and accelerated core deposit growth. In the near-term, we expect loan growth to accelerate to a high single digit pace, which should aid the net interest margin as asset yields improve. Longer-term, we believe the company’s well-managed expenses and disciplined credit standards will provide stability and consistency at the bottom line. The shares currently trade at a premium to peers on both P/E and on tangible book, which we believe is warranted based on the company’s superior return profile." (10/19/2017)
Who are some of Farmers & Merchants Bancorp's key competitors?
Some companies that are related to Farmers & Merchants Bancorp include Camden National Corporation (CAC), Park Sterling Corporation (PSTB), Bridge Bancorp (BDGE), CU Bancorp (CA) (CUNB), First Foundation (FFWM), Peoples Bancorp (PEBO), Veritex Holdings (VBTX), Fidelity Southern Corporation (LION), People's Utah Bancorp (PUB), Access National (ANCX), Carolina Financial Corporation (CARO), First Defiance Financial Corp. (FDEF), Southwest Bancorp (OKSB), Allegiance Bancshares (ABTX), Blue Hills Bancorp (BHBK), HomeTrust Bancshares (HTBI), Independent Bank Corporation (IBCP) and United Community Financial Corp. (UCFC).
Who are Farmers & Merchants Bancorp's key executives?
Farmers & Merchants Bancorp's management team includes the folowing people:
- Jack C. Johnson, Independent Chairman of the Board
- Paul S. Siebenmorgen, President, Chief Executive Officer, Director
- Barbara J. Britenriker, Chief Financial Officer, Executive Vice President
- Edward A. Leininger, Chief Operating Officer, Executive Vice President
- Todd A. Graham, Executive Vice President, Chief Lending Officer
- Allen G. Lantz, Executive Vice President Retail Banking
- Rex D. Rice, Executive Vice President, Senior Commercial Banking Director
- Jo Ellen Hornish, Director
- K Brad Stamm, Director
- Eugene N. Burkholder, Independent Director
How do I buy Farmers & Merchants Bancorp stock?
Shares of Farmers & Merchants Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Farmers & Merchants Bancorp's stock price today?
MarketBeat Community Rating for Farmers & Merchants Bancorp (NASDAQ FMAO)MarketBeat's community ratings are surveys of what our community members think about Farmers & Merchants Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Farmers & Merchants Bancorp stock can currently be purchased for approximately $40.18.
Consensus Ratings for Farmers & Merchants Bancorp (NASDAQ:FMAO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Farmers & Merchants Bancorp (NASDAQ:FMAO)
Analysts' Ratings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Boenning Scattergood||Reiterated Rating||Hold||N/A|
Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)Earnings History by Quarter for Farmers & Merchants Bancorp (NASDAQ FMAO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/14/2018|| || || || || || || || |
|10/18/2017||Q3 2017||$0.35||$0.35||$11.85 million||$11.84 million||View||N/A|
|7/19/2017||Q2 2017||$0.32||$0.35||$11.49 million||$11.64 million||View||N/A|
|4/19/2017||Q1 2017||$0.32||$0.31||$11.41 million||$11.13 million||View||N/A|
|2/8/2017||Q4 2016||$0.30||$0.35||$11.33 million||$11.56 million||View||N/A|
|10/19/2016||Q3 2016||$0.30||$0.33||$11.25 million||$11.41 million||View||N/A|
|7/20/2016||Q2 2016||$0.29||$0.33||$10.86 million||$11.22 million||View||N/A|
|4/20/2016||Q1 2016||$0.28||$0.27||$10.69 million||$10.68 million||View||N/A|
|2/4/2016||Q4 2015||$0.30||$0.30||$10.39 million||$10.52 million||View||N/A|
|10/28/2015||Q3 2015||$0.29||$0.29||$10.10 million||$10.34 million||View||N/A|
|7/29/2015||Q2 2015||$0.26||$0.28||$10.36 million||$10.12 million||View||N/A|
|10/29/2014||Q3 2014||$0.26||$0.27||$10.04 million||$10.34 million||View||N/A|
|7/28/2014||Q2 2014||$0.23||$0.28||$9.78 million||$10.87 million||View||N/A|
Earnings Estimates for Farmers & Merchants Bancorp (NASDAQ:FMAO)
2018 EPS Consensus Estimate: $1.44
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Farmers & Merchants Bancorp (NASDAQ:FMAO)
|Most Recent Dividend:||10/20/2017|
|Payout Ratio:||38.52% (Trailing 12 Months of Earnings) |
38.52% (Based on This Year's Estimates)
36.11% (Based on Next Year's Estimates)
Dividend History by Quarter for Farmers & Merchants Bancorp (NASDAQ FMAO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Farmers & Merchants Bancorp (NASDAQ:FMAO)
Insider Ownership Percentage: 5.03%Insider Trades by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)
Institutional Ownership Percentage: 3.88%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/10/2017||Steven Everhart||Director||Sell||1,256||$39.00||$48,984.00|| |
|9/18/2017||Edward A Leininger||Insider||Sell||2,230||$71.62||$159,712.60|| |
|9/13/2017||Anthony Rupp||Director||Sell||2,072||$87.10||$180,471.20|| |
|9/7/2017||K. Brad Stamm||Director||Sell||625||$81.00||$50,625.00|| |
|6/23/2017||Steven Everhart||Director||Sell||1,000||$54.00||$54,000.00|| |
|6/5/2017||Eugene N Burkholder||Director||Sell||1,571||$55.75||$87,583.25|| |
|6/2/2017||Eugene N Burkholder||Director||Sell||2,000||$55.00||$110,000.00|| |
|6/1/2017||Steven J Planson||Director||Buy||195||$54.00||$10,530.00|| |
|5/24/2017||Eugene N Burkholder||Director||Sell||300||$58.00||$17,400.00|| |
|5/17/2017||K. Brad Stamm||Director||Buy||500||$60.00||$30,000.00|| |
|9/12/2016||Steven Wyse||Director||Buy||100||$30.00||$3,000.00|| |
|8/19/2016||Eugene N Burkholder||Director||Buy||1,000||$32.00||$32,000.00|| |
|6/20/2016||Steven J Planson||Director||Buy||1,198||$28.65||$34,322.70|| |
|5/23/2016||Jo Ellen Hornish||Director||Buy||1,500||$28.55||$42,825.00|| |
|5/18/2016||Jo Ellen Hornish||Director||Buy||2,800||$28.60||$80,080.00|| |
|5/11/2016||Jo Ellen Hornish||Director||Buy||845||$28.60||$24,167.00|| |
|5/10/2016||Anthony Rupp||Director||Buy||700||$28.60||$20,020.00|| |
|2/19/2016||Jo Ellen Hornish||Director||Buy||820||$27.34||$22,418.80|| |
|12/3/2015||Steven Wyse||Director||Buy||1,000||$26.00||$26,000.00|| |
|11/30/2015||Steven Wyse||Director||Buy||1,000||$26.50||$26,500.00|| |
|11/24/2015||Steven Wyse||Director||Buy||3,400||$26.50||$90,100.00|| |
|11/20/2015||Eugene N Burkholder||Director||Buy||2,000||$26.50||$53,000.00|| |
|11/19/2015||Steven Wyse||Director||Buy||2,000||$26.00||$52,000.00|| |
|4/6/2015||Steven Wyse||Director||Buy||1,000||$26.00||$26,000.00|| |
|3/19/2015||Eugene N Burkholder||Director||Buy||1,000||$26.25||$26,250.00|| |
|9/23/2014||Steven Wyse||Director||Buy||1,995||$25.10||$50,074.50|| |
|6/20/2014||Steven Wyse||Director||Buy||1,000||$24.79||$24,790.00|| |
|11/20/2013||Anthony Rupp||Director||Buy||1,000||$21.00||$21,000.00|| |
|11/4/2013||Anthony Rupp||Director||Buy||2,000||$20.88||$41,760.00|| |
|12/10/2012||Steven Wyse||Director||Buy||1,300||$20.50||$26,650.00|| |
|12/7/2012||Darryl L Faye||Director||Buy||1,200||$20.15||$24,180.00|| |
Headline Trends for Farmers & Merchants Bancorp (NASDAQ:FMAO)
Latest Headlines for Farmers & Merchants Bancorp (NASDAQ:FMAO)
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Farmers & Merchants Bancorp (FMAO) Chart for Monday, October, 23, 2017