Rep. Robert E. Latta Buys Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Shares

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO). In a filing disclosed on January 24th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Stock Up 2.8 %

Shares of FMAO stock opened at $27.20 on Tuesday. The stock has a 50 day moving average of $29.93 and a 200-day moving average of $28.03. The firm has a market cap of $372.64 million, a PE ratio of 16.00 and a beta of 0.69. 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 12 month low of $18.99 and a 12 month high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. The company had revenue of $45.86 million during the quarter, compared to analysts’ expectations of $24.93 million. On average, equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.75 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, December 27th were issued a $0.2213 dividend. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, December 27th. Farmers & Merchants Bancorp’s payout ratio is 51.77%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in 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 worth $2,744,000 after purchasing an additional 12,223 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of Farmers & Merchants Bancorp in the 3rd quarter worth $220,000. SG Americas Securities LLC acquired a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth $123,000. Buckingham Capital Management Inc. bought a new stake in Farmers & Merchants Bancorp in the third quarter valued at about $245,000. Finally, Larson Financial Group LLC acquired a new position in Farmers & Merchants Bancorp in the third quarter valued at about $55,000. 23.96% of the stock is owned by institutional investors.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Latta (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He declared candidacy for the general election scheduled on November 5, 2024. Latta was named Republican ranking member for the House Energy and Commerce Subcommittee on Communication and Technology during the 116th Congress. Previously, Latta served in the Ohio House of Representatives from 2001 to 2007 and the Ohio State Senate from 1997 to 2000.

About Farmers & Merchants Bancorp

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.