Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.17 and traded as low as $24.59. Farmers & Merchants Bancorp shares last traded at $24.70, with a volume of 14,303 shares.
Farmers & Merchants Bancorp Stock Up 0.5 %
The firm has a market cap of $352.09 million, a price-to-earnings ratio of 13.53 and a beta of 0.68. The stock has a 50-day moving average of $27.08 and a 200-day moving average of $28.14. 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 quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. As a group, sell-side analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current fiscal year.
Farmers & Merchants Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were issued a dividend of $0.2213 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. Farmers & Merchants Bancorp's payout ratio is 46.32%.
Hedge Funds Weigh In On Farmers & Merchants Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in shares of Farmers & Merchants Bancorp in the fourth quarter worth $225,000. Deutsche Bank AG lifted its holdings in Farmers & Merchants Bancorp by 73.5% in the fourth quarter. Deutsche Bank AG now owns 15,548 shares of the financial services provider's stock worth $458,000 after purchasing an additional 6,589 shares during the period. Bank of America Corp DE grew its position in Farmers & Merchants Bancorp by 23.7% in the 4th quarter. Bank of America Corp DE now owns 21,373 shares of the financial services provider's stock valued at $629,000 after buying an additional 4,088 shares in the last quarter. Northern Trust Corp increased its stake in Farmers & Merchants Bancorp by 1.0% during the 4th quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider's stock valued at $3,135,000 after buying an additional 1,089 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $311,000. 23.96% of the stock is owned by institutional investors.
About Farmers & Merchants Bancorp
(
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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.
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