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

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

Zacks has also given Farmers & Merchants Bancorp an industry rank of 109 out of 265 based on the ratings given to its competitors.

A number of research firms recently commented on FMAO. Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd.

In other Farmers & Merchants Bancorp news, insider Edward A. Leininger sold 2,230 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $71.62, for a total transaction of $159,712.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director K. Brad Stamm sold 625 shares of Farmers & Merchants Bancorp stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $81.00, for a total transaction of $50,625.00. Following the sale, the director now owns 80,468 shares of the company’s stock, valued at $6,517,908. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,927 shares of company stock valued at $390,809. Company insiders own 5.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $490,000. State Street Corp purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $884,000. Goldman Sachs Group Inc. purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $945,000. Advisor Group Inc. purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $206,000. Finally, Vanguard Group Inc. purchased a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter valued at approximately $432,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

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Farmers & Merchants Bancorp (FMAO) traded up 1.62% on Tuesday, hitting $39.47. 13,637 shares of the stock traded hands. The firm has a 50-day moving average price of $35.95 and a 200-day moving average price of $28.79. Farmers & Merchants Bancorp has a 12 month low of $15.85 and a 12 month high of $43.90. The company has a market capitalization of $361.35 million, a PE ratio of 29.72 and a beta of 0.05.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $11.64 million during the quarter, compared to analysts’ expectations of $11.49 million. Farmers & Merchants Bancorp had a net margin of 24.37% and a return on equity of 9.60%. Analysts forecast that Farmers & Merchants Bancorp will post $1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Tuesday, September 26th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, September 25th. Farmers & Merchants Bancorp’s payout ratio is 39.25%.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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