Farmers & Merchants Bancorp, Inc. (OH) Announces Quarterly Dividend of $0.15 (NASDAQ:FMAO)

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) announced a quarterly dividend on Wednesday, June 5th, NASDAQ reports. Investors of record on Monday, June 17th will be given a dividend of 0.15 per share by the financial services provider on Saturday, July 20th. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, June 14th.

Farmers & Merchants Bancorp, Inc. (OH) has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Farmers & Merchants Bancorp, Inc. (OH) to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 32.3%.

FMAO stock opened at $28.62 on Thursday. Farmers & Merchants Bancorp, Inc. has a 12 month low of $26.68 and a 12 month high of $49.99. The company has a market cap of $322.11 million, a P/E ratio of 17.58 and a beta of 0.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last released its earnings results on Friday, April 26th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.08). Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 23.20% and a return on equity of 10.16%. The business had revenue of $15.47 million for the quarter, compared to analyst estimates of $15.90 million. Equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.72 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Farmers & Merchants Bancorp, Inc. (OH) stock. Geode Capital Management LLC lifted its position in Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,938 shares of the financial services provider’s stock after acquiring an additional 5,111 shares during the quarter. Geode Capital Management LLC owned approximately 0.95% of Farmers & Merchants Bancorp, Inc. (OH) worth $3,384,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.82% of the company’s stock.

FMAO has been the subject of several recent research reports. Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, ValuEngine downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th.

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About Farmers & Merchants Bancorp, Inc. (OH)

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 deposit; and custodial services for individual retirement accounts and health savings accounts.

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Dividend History for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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