Farmers & Merchants Bancorp (NASDAQ:FMAO) Posts Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) issued its quarterly earnings data on Thursday. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04, FiscalAI reports. Farmers & Merchants Bancorp had a net margin of 20.27% and a return on equity of 10.72%. The business had revenue of $34.81 million during the quarter, compared to analysts’ expectations of $34.65 million.

Farmers & Merchants Bancorp Trading Up 2.0%

FMAO stock traded up $0.69 during mid-day trading on Thursday, reaching $35.89. 139,813 shares of the stock traded hands, compared to its average volume of 63,003. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. Farmers & Merchants Bancorp has a one year low of $22.91 and a one year high of $36.31. The stock has a market capitalization of $494.21 million, a PE ratio of 12.33 and a beta of 0.81. The business has a 50-day moving average price of $34.90 and a two-hundred day moving average price of $31.18.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.01 per share. The ex-dividend date was Friday, October 9th. Farmers & Merchants Bancorp’s payout ratio is 32.99%.

Analysts Set New Price Targets

A number of brokerages recently commented on FMAO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Farmers & Merchants Bancorp in a report on Monday, September 14th. Zacks Research cut Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Piper Sandler restated a “neutral” rating and set a $36.00 price objective (up from $32.00) on shares of Farmers & Merchants Bancorp in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.25.

Insider Buying and Selling at Farmers & Merchants Bancorp

In related news, Director Andrew J. Briggs sold 2,402 shares of Farmers & Merchants Bancorp stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $35.05, for a total transaction of $84,190.10. Following the completion of the transaction, the director directly owned 49,148 shares of the company’s stock, valued at approximately $1,722,637.40. The trade was a 4.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Gerken sold 1,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $33.72, for a total transaction of $33,720.00. Following the transaction, the executive vice president directly owned 6,509 shares of the company’s stock, valued at approximately $219,483.48. This represents a 13.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 30,402 shares of company stock worth $1,044,760. Insiders own 7.30% of the company’s stock.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company headquartered in Archbold, Ohio. Founded in 1897, the company operates through its principal subsidiary, The Farmers & Merchants State Bank, a community bank serving individuals, families, farmers and businesses.

The bank offers a range of traditional financial services, including checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial lending, agricultural loans and other business banking products.