JPMorgan Chase & Co. Acquires 12,827 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

JPMorgan Chase & Co. grew its stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Free Report) by 204.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,094 shares of the financial services provider's stock after buying an additional 12,827 shares during the period. JPMorgan Chase & Co. owned 0.14% of Farmers & Merchants Bancorp worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FMAO. Larson Financial Group LLC purchased a new stake in Farmers & Merchants Bancorp in the 3rd quarter worth $55,000. SG Americas Securities LLC purchased a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth about $123,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth about $220,000. Buckingham Capital Management Inc. bought a new stake in Farmers & Merchants Bancorp during the 3rd quarter valued at approximately $245,000. Finally, Barclays PLC lifted its holdings in Farmers & Merchants Bancorp by 292.2% in the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider's stock worth $460,000 after purchasing an additional 12,375 shares in the last quarter. 23.96% of the stock is currently owned by institutional investors.

Farmers & Merchants Bancorp Price Performance

FMAO traded down $0.36 during trading on Friday, reaching $27.17. 15,565 shares of the company traded hands, compared to its average volume of 21,475. The company has a market cap of $372.23 million, a P/E ratio of 15.98 and a beta of 0.69. 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, Inc. has a 12-month low of $18.99 and a 12-month high of $34.15. The firm has a fifty day simple moving average of $29.44 and a 200 day simple moving average of $28.09.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. The company had revenue of $45.86 million during 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 forecast that Farmers & Merchants Bancorp, Inc. will post 1.75 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were given a dividend of $0.2213 per share. This is a positive change from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 27th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.26%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is presently 51.77%.

Farmers & Merchants Bancorp Profile

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.