Farmers & Merchants Bancorp (NASDAQ:FMAO) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “
Separately, Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp in a report on Tuesday, February 13th.
Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $12.25 million during the quarter, compared to analyst estimates of $12.18 million. equities analysts anticipate that Farmers & Merchants Bancorp will post 1.6 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new position in shares of Farmers & Merchants Bancorp during the second quarter valued at about $139,000. MetLife Investment Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp during the fourth quarter valued at about $163,000. Keybank National Association OH acquired a new position in shares of Farmers & Merchants Bancorp during the third quarter valued at about $225,000. Advisor Group Inc. raised its holdings in shares of Farmers & Merchants Bancorp by 100.0% during the third quarter. Advisor Group Inc. now owns 6,660 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 3,330 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth about $298,000. Hedge funds and other institutional investors own 13.89% of the company’s stock.
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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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