Boenning Scattergood Reiterates “Hold” Rating for Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)‘s stock had its “hold” rating restated by Boenning Scattergood in a research report issued to clients and investors on Wednesday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. ValuEngine cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th.

Shares of NASDAQ FMAO traded down $0.26 during midday trading on Wednesday, reaching $31.44. 11,301 shares of the company were exchanged, compared to its average volume of 11,982. The stock has a market cap of $292.49 million, a PE ratio of 18.71 and a beta of 0.11. Farmers & Merchants Bancorp, Inc. has a one year low of $29.61 and a one year high of $49.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 0.93.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $12.95 million for the quarter, compared to the consensus estimate of $12.96 million. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 11.43% and a net margin of 26.09%.

Institutional investors have recently modified their holdings of the stock. Trust Co. of Toledo NA OH bought a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) in the fourth quarter worth $3,255,000. BlackRock Inc. grew its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 4.9% in the third quarter. BlackRock Inc. now owns 456,473 shares of the financial services provider’s stock worth $19,442,000 after purchasing an additional 21,422 shares during the last quarter. Northern Trust Corp grew its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 10.4% in the second quarter. Northern Trust Corp now owns 97,964 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 9,240 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 15,618 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 4,946 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 58.7% in the third quarter. MetLife Investment Advisors LLC now owns 6,356 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 2,350 shares during the last quarter. 17.45% of the stock is currently owned by institutional investors.

Farmers & Merchants Bancorp, Inc. (OH) Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.

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