Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Investors of record on Tuesday, March 27th will be paid a dividend of 0.13 per share by the financial services provider on Friday, April 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, March 26th.
Shares of Farmers & Merchants Bancorp stock opened at $39.42 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $368.79, a P/E ratio of 28.94 and a beta of 0.07. Farmers & Merchants Bancorp has a fifty-two week low of $21.25 and a fifty-two week high of $44.00.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Farmers & Merchants Bancorp had a net margin of 24.47% and a return on equity of 9.67%. The business had revenue of $12.25 million during the quarter, compared to analyst estimates of $12.18 million. equities analysts predict that Farmers & Merchants Bancorp will post 1.6 earnings per share for the current fiscal year.
FMAO has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp from a “buy” rating to a “sell” rating in a report on Tuesday, February 20th. ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a report on Tuesday, February 13th.
In other news, Director Steven Everhart sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $42.21, for a total value of $84,420.00. Following the completion of the transaction, the director now owns 19,580 shares of the company’s stock, valued at approximately $826,471.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.51% of the stock is owned by insiders.
An institutional investor recently bought a new position in Farmers & Merchants Bancorp stock. Vanguard Group Inc. acquired a new stake in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,967 shares of the financial services provider’s stock, valued at approximately $432,000. Vanguard Group Inc. owned approximately 0.15% of Farmers & Merchants Bancorp at the end of the most recent quarter. 14.22% of the stock is owned by institutional investors and hedge funds.
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, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.
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