Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.00 and traded as low as $23.15. Farmers & Merchants Bancorp shares last traded at $23.76, with a volume of 19,007 shares traded.

Farmers & Merchants Bancorp Stock Performance

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 moving average price is $25.75 and its two-hundred day moving average price is $27.93. The stock has a market cap of $332.23 million, a price-to-earnings ratio of 12.76 and a beta of 0.67.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share for the quarter, beating 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%. On average, analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new position in shares of Farmers & Merchants Bancorp during the 3rd quarter worth $55,000. State Street Corp boosted its stake in Farmers & Merchants Bancorp by 4.0% during the third quarter. State Street Corp now owns 241,043 shares of the financial services provider's stock worth $6,665,000 after buying an additional 9,306 shares during the period. Barclays PLC increased its position in shares of 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 acquiring an additional 12,375 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $8,011,000 after acquiring an additional 4,318 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Farmers & Merchants Bancorp by 204.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider's stock worth $528,000 after acquiring an additional 12,827 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company's stock.

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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.