Proficio Capital Partners LLC Invests $345,000 in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Proficio Capital Partners LLC acquired a new stake in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,721 shares of the financial services provider's stock, valued at approximately $345,000. Proficio Capital Partners LLC owned about 0.09% of Farmers & Merchants Bancorp as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at about $55,000. SG Americas Securities LLC grew its position in shares of Farmers & Merchants Bancorp by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 5,281 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 846 shares during the period. Buckingham Capital Management Inc. acquired a new stake in shares of Farmers & Merchants Bancorp during the 3rd quarter valued at about $245,000. Inspire Investing LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the 4th quarter valued at about $415,000. Finally, Barclays PLC grew its position in shares of Farmers & Merchants Bancorp by 292.2% during the 3rd 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 period. Hedge funds and other institutional investors own 23.96% of the company's stock.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ:FMAO traded up $0.19 during trading on Friday, reaching $23.65. 9,220 shares of the company's stock traded hands, compared to its average volume of 25,357. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $18.99 and a fifty-two week high of $34.15. The firm has a market cap of $324.01 million, a PE ratio of 12.45 and a beta of 0.67. The company has a 50-day simple moving average of $26.10 and a 200-day simple moving average of $28.06.

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Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.97% and a net margin of 14.48%. As a group, analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Friday, December 27th were paid a dividend of $0.2213 per share. This represents a $0.89 annualized dividend and a yield of 3.74%. 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%.

Farmers & Merchants Bancorp Company 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.