Schwab Charles Investment Management Inc. purchased a new position in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,600 shares of the financial services provider’s stock, valued at approximately $472,000. Schwab Charles Investment Management Inc. owned approximately 0.17% of Farmers & Merchants Bancorp at the end of the most recent reporting period.
Separately, Tufton Capital Management bought a new stake in Farmers & Merchants Bancorp during the 2nd quarter worth about $457,000. 4.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Farmers & Merchants Bancorp Inc. (FMAO) opened at $37.07 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $343.52, a PE ratio of 27.46 and a beta of 0.06.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $11.84 million for the quarter, compared to analysts’ expectations of $11.85 million. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%. equities analysts predict that Farmers & Merchants Bancorp Inc. will post 1.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.40%. Farmers & Merchants Bancorp’s payout ratio is 38.52%.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Farmers & Merchants Bancorp in a report on Thursday, October 19th.
In other Farmers & Merchants Bancorp news, Director Anthony Rupp sold 2,072 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $87.10, for a total transaction of $180,471.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director K. Brad Stamm sold 625 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $81.00, for a total transaction of $50,625.00. Following the transaction, the director now owns 80,468 shares in the company, valued at approximately $6,517,908. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,183 shares of company stock worth $439,793. 5.03% of the stock is owned by company insiders.
About Farmers & Merchants Bancorp
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.
Want to see what other hedge funds are holding FMAO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO).
What are top analysts saying about Farmers & Merchants Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Farmers & Merchants Bancorp Inc. and related companies.