Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Passes Above 50-Day Moving Average - Time to Sell?

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $30.02 and traded as high as $33.12. Farmers & Merchants Bancorp shares last traded at $32.35, with a volume of 14,549 shares.

Farmers & Merchants Bancorp Trading Down 1.2 %

The firm's fifty day simple moving average is $30.14 and its 200 day simple moving average is $26.60. The stock has a market capitalization of $437.99 million, a P/E ratio of 18.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share (EPS) 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 business had revenue of $45.86 million for the quarter, compared to analysts' expectations of $24.93 million. As a group, equities research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.74 EPS for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were given a dividend of $0.221 per share. This is an increase from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, October 4th. Farmers & Merchants Bancorp's dividend payout ratio is currently 51.77%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of institutional investors have recently added to or reduced their stakes in FMAO. Larson Financial Group LLC bought a new position in Farmers & Merchants Bancorp in the third quarter valued at about $55,000. Perritt Capital Management Inc boosted its position in Farmers & Merchants Bancorp by 40.0% during the 2nd quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider's stock worth $163,000 after buying an additional 2,000 shares during the period. Geode Capital Management LLC grew its holdings in Farmers & Merchants Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider's stock worth $8,011,000 after acquiring an additional 4,318 shares during the last quarter. SG Americas Securities LLC acquired a new position in Farmers & Merchants Bancorp in the 3rd quarter valued at approximately $123,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Farmers & Merchants Bancorp by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider's stock valued at $1,266,000 after acquiring an additional 4,765 shares during the last quarter. 23.96% of the stock is currently owned by institutional investors and hedge funds.

Farmers & Merchants Bancorp Company Profile

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.