Rep. Robert E. Latta Acquires Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. NASDAQ: FMAO. In a filing disclosed on January 24th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Stock Performance

NASDAQ:FMAO traded down $0.11 during mid-day trading on Tuesday, hitting $27.09. 14,329 shares of the stock were exchanged, compared to its average volume of 23,606. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50-day simple moving average is $29.83 and its 200 day simple moving average is $28.05. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $18.99 and a fifty-two week high of $34.15. The stock has a market capitalization of $371.13 million, a price-to-earnings ratio of 15.93 and a beta of 0.69.

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

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, December 27th were paid a $0.2213 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.89 dividend on an annualized basis and a yield of 3.27%. This is a positive change from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. Farmers & Merchants Bancorp's dividend payout ratio is 51.77%.

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in Farmers & Merchants Bancorp by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 5,281 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 846 shares during the last quarter. Larson Financial Group LLC acquired a new position in Farmers & Merchants Bancorp in the third quarter valued at $55,000. Geode Capital Management LLC boosted its position 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 acquiring an additional 4,318 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at about $220,000. Finally, Buckingham Capital Management Inc. acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter worth approximately $245,000. 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, 2025. Latta (Republican Party) is running for re-election to the U.S. House to represent Ohio's 5th Congressional District. He declared candidacy for the general election scheduled on November 5, 2024. Latta was named Republican ranking member for the House Energy and Commerce Subcommittee on Communication and Technology during the 116th Congress. Previously, Latta served in the Ohio House of Representatives from 2001 to 2007 and the Ohio State Senate from 1997 to 2000.

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.