Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) EVP David R. Gerken sold 656 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,745 shares of the company's stock, valued at $125,315.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Farmers & Merchants Bancorp Stock Down 2.6 %
Shares of NASDAQ:FMAO opened at $27.39 on Tuesday. The firm's 50-day moving average is $26.76 and its two-hundred day moving average is $24.10. 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 1 year low of $16.90 and a 1 year high of $28.76. The firm has a market capitalization of $374.75 million, a PE ratio of 17.23 and a beta of 0.63.
Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping 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 company had revenue of $44.83 million for the quarter, compared to analyst estimates of $24.39 million. Analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.59 EPS for the current year.
Farmers & Merchants Bancorp Increases Dividend
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The business also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, October 4th were issued a $0.221 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 3.23%. Farmers & Merchants Bancorp's dividend payout ratio (DPR) is 55.35%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Farmers & Merchants Bancorp in the 1st quarter valued at about $41,525,000. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 2,864 shares in the last quarter. Mendel Money Management lifted its stake in Farmers & Merchants Bancorp by 239.4% in the first quarter. Mendel Money Management now owns 144,753 shares of the financial services provider's stock worth $3,227,000 after acquiring an additional 248,586 shares during the last quarter. Vanguard Group Inc. grew its holdings in Farmers & Merchants Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 583,656 shares of the financial services provider's stock worth $13,010,000 after acquiring an additional 12,195 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Farmers & Merchants Bancorp by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,529 shares of the financial services provider's stock valued at $1,266,000 after purchasing an additional 4,765 shares during the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Piper Sandler raised their price target on Farmers & Merchants Bancorp from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th.
Read Our Latest Report on Farmers & Merchants Bancorp
Farmers & Merchants Bancorp Company Profile
(
Get Free Report)
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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