Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $27.06 and traded as high as $28.05. Farmers & Merchants Bancorp shares last traded at $27.81, with a volume of 17,958 shares.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price objective on Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, August 5th.

Farmers & Merchants Bancorp Stock Performance

The business's fifty day simple moving average is $27.09 and its 200-day simple moving average is $24.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $395.08 million, a P/E ratio of 16.99 and a beta of 0.63.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $45.86 million for the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.25% and a net margin of 13.16%. As a group, equities analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.59 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Friday, October 4th were given a $0.221 dividend. This is a boost from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. The ex-dividend date was Friday, October 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.06%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is presently 51.76%.

Institutional Trading of Farmers & Merchants Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Farmers & Merchants Bancorp by 2.1% during the first quarter. Vanguard Group Inc. now owns 583,656 shares of the financial services provider's stock worth $13,010,000 after purchasing an additional 12,195 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Farmers & Merchants Bancorp by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 118,170 shares of the financial services provider's stock valued at $2,744,000 after purchasing an additional 12,223 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Farmers & Merchants Bancorp by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider's stock valued at $1,266,000 after acquiring an additional 4,765 shares in the last quarter. Buckingham Capital Management Inc. acquired a new stake in Farmers & Merchants Bancorp in the 3rd quarter valued at about $245,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Farmers & Merchants Bancorp in the third quarter worth approximately $220,000. Institutional investors and hedge funds own 23.96% of the company's stock.

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.