Farmers & Merchants Bancorp (NASDAQ:FMAO) Issues Quarterly Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) released its quarterly earnings data on Wednesday. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04, Yahoo Finance reports. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. The company had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $23.10 million.

Farmers & Merchants Bancorp Stock Performance

Shares of FMAO traded up $0.75 during mid-day trading on Thursday, reaching $21.92. 19,050 shares of the company’s stock were exchanged, compared to its average volume of 19,029. The business’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $21.04. The stock has a market capitalization of $299.43 million, a PE ratio of 13.13 and a beta of 0.62. Farmers & Merchants Bancorp has a 52-week low of $16.90 and a 52-week high of $27.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.01 and a quick ratio of 1.01.

Farmers & Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 29th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Wednesday, March 27th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 52.69%.

Analyst Ratings Changes

Separately, Hovde Group started coverage on shares of Farmers & Merchants Bancorp in a research note on Friday, April 5th. They set a “market perform” rating and a $22.00 price target on the stock.

Insider Activity at Farmers & Merchants Bancorp

In other Farmers & Merchants Bancorp news, Director Jo Ellen Hornish acquired 3,594 shares of the stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $20.56 per share, with a total value of $73,892.64. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $822,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.76% of the stock is owned by insiders.

Farmers & Merchants Bancorp Company Profile

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.