Proficio Capital Partners LLC Takes Position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Proficio Capital Partners LLC acquired a new stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,721 shares of the financial services provider's stock, valued at approximately $345,000. Proficio Capital Partners LLC owned approximately 0.09% of Farmers & Merchants Bancorp as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at $55,000. State Street Corp grew its position in shares of Farmers & Merchants Bancorp by 4.0% in the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider's stock worth $6,665,000 after buying an additional 9,306 shares during the last quarter. Barclays PLC increased its position in Farmers & Merchants Bancorp by 292.2% during the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider's stock valued at $460,000 after purchasing an additional 12,375 shares during the period. Geode Capital Management LLC lifted its position in shares of Farmers & Merchants Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider's stock worth $8,011,000 after purchasing an additional 4,318 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Farmers & Merchants Bancorp by 204.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 12,827 shares in the last quarter. 23.96% of the stock is owned by institutional investors.

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Farmers & Merchants Bancorp Trading Down 2.2 %

FMAO stock traded down $0.54 during trading on Friday, reaching $24.11. The company had a trading volume of 1,350 shares, compared to its average volume of 25,964. 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 52 week low of $19.65 and a 52 week high of $34.15. The business has a 50 day moving average of $25.56 and a 200 day moving average of $27.88. The company has a market cap of $330.31 million, a P/E ratio of 12.69 and a beta of 0.67.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, sell-side analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, April 4th will be given a dividend of $0.2213 per share. This represents a $0.89 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, April 4th. Farmers & Merchants Bancorp's dividend payout ratio is currently 46.32%.

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.