Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Cross Below 200-Day Moving Average - Here's Why

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.64 and traded as low as $24.73. Farmers & Merchants Bancorp shares last traded at $25.17, with a volume of 34,975 shares trading hands.

Farmers & Merchants Bancorp Stock Down 6.1 %

The firm has a market capitalization of $344.80 million, a P/E ratio of 14.81 and a beta of 0.69. The company has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $27.68. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its quarterly 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 company had revenue of $45.86 million for the quarter, compared to analysts' expectations of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. On average, equities analysts expect 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 will be paid on Monday, January 20th. Investors of record on Friday, December 27th will be given a $0.2213 dividend. The ex-dividend date is Friday, December 27th. This is a boost from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 3.52%. Farmers & Merchants Bancorp's dividend payout ratio is 51.76%.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 12,827 shares during the last quarter. Barclays PLC lifted its position in Farmers & Merchants Bancorp by 292.2% during the third 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 grew its position in 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. State Street Corp raised its stake in Farmers & Merchants Bancorp by 4.0% during the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider's stock valued at $6,665,000 after buying an additional 9,306 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at $55,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

About Farmers & Merchants Bancorp

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.