Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Purchase Reported by Rep. Robert E. Latta

Representative Robert E. Latta (Republican-Ohio) recently bought shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO). In a filing disclosed on November 3rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on October 20th.

Farmers & Merchants Bancorp Trading Down 3.0%

Farmers & Merchants Bancorp stock opened at $36.37 on Friday. The business has a 50 day moving average price of $35.39 and a two-hundred day moving average price of $30.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $500.45 million, a price-to-earnings ratio of 12.05 and a beta of 0.76. Farmers & Merchants Bancorp Inc. has a 12 month low of $22.91 and a 12 month high of $38.33.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Farmers & Merchants Bancorp had a return on equity of 11.25% and a net margin of 21.30%. The company had revenue of $34.81 million during the quarter, compared to the consensus estimate of $34.65 million. As a group, equities analysts forecast that Farmers & Merchants Bancorp Inc. will post 3.22 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 9th. Farmers & Merchants Bancorp’s dividend payout ratio is 30.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Keybank National Association OH acquired a new position in Farmers & Merchants Bancorp in the third quarter worth $220,000. Alps Advisors Inc. bought a new stake in shares of Farmers & Merchants Bancorp during the third quarter worth $561,000. State of Alaska Department of Revenue grew its holdings in shares of Farmers & Merchants Bancorp by 126.0% during the third quarter. State of Alaska Department of Revenue now owns 956 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Farmers & Merchants Bancorp by 25.9% in the third quarter. GAMMA Investing LLC now owns 2,436 shares of the financial services provider’s stock valued at $84,000 after buying an additional 501 shares in the last quarter. Finally, Park National Corp OH acquired a new stake in shares of Farmers & Merchants Bancorp in the third quarter valued at $208,000. Institutional investors own 23.96% of the company’s stock.

Insider Activity

In related news, Director Andrew J. Briggs sold 3,000 shares of Farmers & Merchants Bancorp stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $35.11, for a total value of $105,330.00. Following the completion of the transaction, the director directly owned 51,550 shares of the company’s stock, valued at $1,809,920.50. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 14,402 shares of company stock valued at $504,100 over the last three months. Insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler restated a “neutral” rating and issued a $39.00 target price (up from $36.00) on shares of Farmers & Merchants Bancorp in a research note on Monday, October 26th. Weiss Ratings downgraded shares of Farmers & Merchants Bancorp from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.75.

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.

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.