Zacks: Farmers & Merchants Bancorp, Inc. (OH) (FMAO) Given Average Rating of “Hold” by Brokerages

Shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also given Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 187 out of 256 based on the ratings given to related companies.

FMAO has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Wednesday, February 20th. Finally, ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th.

Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 20.4% during the 1st quarter. Advisor Group Inc. now owns 2,416 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 410 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 3.5% during the 1st quarter. Wells Fargo & Company MN now owns 16,266 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 552 shares during the last quarter. Northern Trust Corp increased its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 0.8% during the 1st quarter. Northern Trust Corp now owns 102,955 shares of the financial services provider’s stock worth $3,099,000 after purchasing an additional 864 shares during the last quarter. BlackRock Inc. increased its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 0.3% during the 1st quarter. BlackRock Inc. now owns 456,444 shares of the financial services provider’s stock worth $13,738,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,464 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors own 15.50% of the company’s stock.

NASDAQ:FMAO traded down $0.31 on Friday, hitting $30.72. The stock had a trading volume of 431 shares, compared to its average volume of 9,196. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $341.30 million, a price-to-earnings ratio of 18.29 and a beta of 0.15. Farmers & Merchants Bancorp, Inc. has a 1 year low of $26.68 and a 1 year high of $49.99.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.08). The firm had revenue of $15.47 million during the quarter, compared to analysts’ expectations of $15.90 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 23.20% and a return on equity of 10.16%. As a group, sell-side analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.95%. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is currently 35.71%.

Farmers & Merchants Bancorp, Inc. (OH) 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 deposit; and custodial services for individual retirement accounts and health savings accounts.

Further Reading: Investing in Growth Stocks

Get a free copy of the Zacks research report on Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Farmers & Merchants Bancorp Inc. (OH) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp Inc. (OH) and related companies with MarketBeat.com's FREE daily email newsletter.