Rep. Robert E. Latta Buys Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Stock

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO). In a filing disclosed on January 23rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Trading Up 2.4%

Shares of Farmers & Merchants Bancorp stock traded up $0.63 on Friday, hitting $26.83. The stock had a trading volume of 52,490 shares, compared to its average volume of 23,713. The stock’s 50-day simple moving average is $25.66 and its two-hundred day simple moving average is $25.30. The stock has a market cap of $368.91 million, a price-to-earnings ratio of 11.56 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. Farmers & Merchants Bancorp Inc. has a one year low of $20.88 and a one year high of $28.39.

Farmers & Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th were given a dividend of $0.23 per share. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 29th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 39.66%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FMAO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research report on Monday, December 29th. Zacks Research downgraded Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Farmers & Merchants Bancorp by 36.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 509 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Farmers & Merchants Bancorp by 126.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,185 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,219 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Farmers & Merchants Bancorp by 948.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock valued at $112,000 after buying an additional 4,013 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Farmers & Merchants Bancorp in the second quarter valued at $201,000. Finally, Franklin Resources Inc. bought a new stake in Farmers & Merchants Bancorp during the second quarter worth $210,000. Institutional investors own 23.96% of the company’s stock.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2027.

Latta (Republican Party) ran for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He won in the general election on November 5, 2024.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.