Ellsworth Advisors LLC Acquires Shares of 19,868 Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Ellsworth Advisors LLC purchased a new stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,868 shares of the financial services provider's stock, valued at approximately $585,000. Ellsworth Advisors LLC owned about 0.15% of Farmers & Merchants Bancorp as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth $55,000. Geode Capital Management LLC grew its holdings in Farmers & Merchants Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider's stock valued at $8,011,000 after purchasing an additional 4,318 shares during the period. SG Americas Securities LLC purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth about $123,000. Trust Co. of Toledo NA OH bought a new position in shares of Farmers & Merchants Bancorp in the third quarter worth about $220,000. Finally, Buckingham Capital Management Inc. purchased a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at about $245,000. Institutional investors own 23.96% of the company's stock.

Farmers & Merchants Bancorp Stock Performance

NASDAQ FMAO traded up $1.04 on Tuesday, reaching $27.74. 11,911 shares of the stock were exchanged, compared to its average volume of 20,515. The firm has a market capitalization of $379.94 million, a PE ratio of 16.21 and a beta of 0.69. Farmers & Merchants Bancorp, Inc. has a one year low of $18.99 and a one year high of $34.15. The company's 50-day simple moving average is $30.40 and its two-hundred day simple moving average is $27.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.08. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. The company had revenue of $45.86 million for the quarter, compared to analysts' expectations of $24.93 million. Analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.75 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, December 27th were paid a dividend of $0.2213 per share. This represents a $0.89 annualized dividend and a yield of 3.19%. The ex-dividend date was Friday, December 27th. This is an increase from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 51.76%.

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.