Farmers & Merchants Bancorp (OTCMKTS:FMCB) Sets New 12-Month High – Still a Buy?

Farmers & Merchants Bancorp (OTCMKTS:FMCB) hit a new 52-week high on Tuesday . The company traded as high as $1,134.9799 and last traded at $1,090.00, with a volume of 173 shares. The stock had previously closed at $1,090.00.

Farmers & Merchants Bancorp Stock Performance

The stock has a fifty day simple moving average of $1,031.00 and a 200-day simple moving average of $1,021.92. The stock has a market cap of $784.80 million, a P/E ratio of 8.33 and a beta of 0.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.75 and a current ratio of 0.75.

Farmers & Merchants Bancorp (OTCMKTS:FMCB) last issued its quarterly earnings results on Thursday, October 16th. The bank reported $33.92 EPS for the quarter. Farmers & Merchants Bancorp had a return on equity of 15.03% and a net margin of 30.89%.The company had revenue of $62.28 million for the quarter.

Farmers & Merchants Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 0.1%. Farmers & Merchants Bancorp’s payout ratio is currently 15.44%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts.