Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) – Equities research analysts at Boenning Scattergood lifted their Q1 2018 earnings per share estimates for Farmers & Merchants Bancorp in a research note issued on Wednesday, according to Zacks Investment Research. Boenning Scattergood analyst S. Beury now forecasts that the financial services provider will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.35. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Farmers & Merchants Bancorp’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.66 EPS and FY2019 earnings at $1.78 EPS.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $11.84 million during the quarter, compared to analysts’ expectations of $11.85 million. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $45.50 price objective for the company in a research report on Friday, September 15th. ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.
Farmers & Merchants Bancorp (NASDAQ FMAO) traded down $0.14 during mid-day trading on Thursday, reaching $38.48. 6,530 shares of the company were exchanged, compared to its average volume of 15,462. The firm has a market cap of $356.58, a PE ratio of 28.50 and a beta of 0.23. Farmers & Merchants Bancorp has a twelve month low of $17.38 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 0.92.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Tuesday, December 26th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, December 22nd. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 38.52%.
In other Farmers & Merchants Bancorp news, insider Todd A. Graham sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $36.94, for a total value of $103,432.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.03% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $139,000. Advisor Group Inc. acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $206,000. Rhumbline Advisers acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $296,000. New York State Common Retirement Fund acquired a new position in Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $298,000. Finally, Keybank National Association OH acquired a new position in Farmers & Merchants Bancorp in the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 13.57% of the company’s stock.
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.
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