Insider Buying: Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Director Purchases 1,000 Shares of Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOGet Rating) Director Eugene N. Burkholder acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was acquired at an average cost of $26.43 per share, with a total value of $26,430.00. Following the completion of the acquisition, the director now owns 19,069 shares in the company, valued at approximately $503,993.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers & Merchants Bancorp Stock Performance

FMAO traded down $0.56 on Friday, hitting $26.68. The company’s stock had a trading volume of 20,422 shares, compared to its average volume of 43,990. The company’s 50 day simple moving average is $29.66 and its 200-day simple moving average is $34.02. The firm has a market cap of $348.60 million, a P/E ratio of 11.49 and a beta of 0.37. Farmers & Merchants Bancorp, Inc. has a 12 month low of $22.23 and a 12 month high of $42.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.41.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $25.18 million during the quarter, compared to the consensus estimate of $24.95 million. Farmers & Merchants Bancorp had a net margin of 28.66% and a return on equity of 11.48%. Analysts forecast that Farmers & Merchants Bancorp, Inc. will post 2.63 EPS for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Monday, September 26th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, September 23rd. Farmers & Merchants Bancorp’s payout ratio is 32.07%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dorsey Wright & Associates bought a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at $36,000. Legal & General Group Plc bought a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at $37,000. SG Americas Securities LLC bought a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at $101,000. UBS Group AG boosted its holdings in Farmers & Merchants Bancorp by 10.5% in the 2nd quarter. UBS Group AG now owns 3,613 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 343 shares during the period. Finally, Royal Bank of Canada bought a new position in Farmers & Merchants Bancorp in the 1st quarter valued at $129,000. 24.15% of the stock is owned by institutional investors.

Farmers & Merchants Bancorp Company Profile

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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.

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