David R. Gerken Sells 656 Shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) EVP David R. Gerken sold 656 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.41, for a total transaction of $17,324.96. Following the completion of the sale, the executive vice president now owns 4,745 shares of the company's stock, valued at $125,315.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Farmers & Merchants Bancorp Trading Down 2.6 %

Shares of Farmers & Merchants Bancorp stock traded down $0.74 during trading hours on Monday, hitting $27.39. The company's stock had a trading volume of 25,331 shares, compared to its average volume of 26,554. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.00. Farmers & Merchants Bancorp, Inc. has a 12 month low of $16.90 and a 12 month high of $28.76. The stock has a 50 day moving average of $26.70 and a 200 day moving average of $24.05. The company has a market capitalization of $374.75 million, a PE ratio of 17.42 and a beta of 0.63.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.05. Farmers & Merchants Bancorp had a net margin of 12.59% and a return on equity of 6.79%. The firm had revenue of $44.83 million during the quarter, compared to analysts' expectations of $24.39 million. Analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.59 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were paid a $0.221 dividend. This is a boost from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, October 4th. Farmers & Merchants Bancorp's payout ratio is 55.35%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth about $123,000. BNP Paribas Financial Markets lifted its holdings in shares of Farmers & Merchants Bancorp by 79.7% in the first quarter. BNP Paribas Financial Markets now owns 6,459 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 2,864 shares in the last quarter. Perritt Capital Management Inc grew its stake in shares of Farmers & Merchants Bancorp by 40.0% in the 2nd quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider's stock worth $163,000 after acquiring an additional 2,000 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Farmers & Merchants Bancorp in the third quarter worth $220,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Farmers & Merchants Bancorp in the first quarter valued at $41,525,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

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.