Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Price Passes Below 200 Day Moving Average of $20.91

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.91 and traded as low as $20.36. Farmers & Merchants Bancorp shares last traded at $20.47, with a volume of 15,993 shares changing hands.

Analyst Ratings Changes

Separately, Hovde Group initiated coverage on Farmers & Merchants Bancorp in a report on Friday, April 5th. They issued a “market perform” rating and a $22.00 price target for the company.

Farmers & Merchants Bancorp Stock Up 6.1 %

The firm has a 50 day moving average price of $20.80 and a two-hundred day moving average price of $20.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $296.70 million, a price-to-earnings ratio of 13.01 and a beta of 0.61.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. The business had revenue of $23.86 million for the quarter, compared to analysts’ expectations of $22.90 million. As a group, sell-side analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.5 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 29th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 4.05%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 52.69%.

Insiders Place Their Bets

In other Farmers & Merchants Bancorp news, Director Jo Ellen Hornish bought 3,594 shares of the business’s stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $20.56 per share, with a total value of $73,892.64. Following the completion of the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $822,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Revisor Wealth Management LLC acquired a new position in Farmers & Merchants Bancorp in the first quarter worth approximately $547,000. Tufton Capital Management acquired a new position in Farmers & Merchants Bancorp in the fourth quarter worth approximately $242,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Farmers & Merchants Bancorp in the first quarter worth approximately $41,525,000. Buckingham Capital Management Inc. acquired a new position in Farmers & Merchants Bancorp in the fourth quarter worth approximately $202,000. Finally, SG Americas Securities LLC acquired a new position in Farmers & Merchants Bancorp in the fourth quarter worth approximately $172,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.