Farmers & Merchants Bancorp Inc. (FMAO) Reaches New 1-Year High at $83.50

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.50 and last traded at $83.49, with a volume of 39,364 shares traded. The stock had previously closed at $81.98.

Several research firms have issued reports on FMAO. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, September 7th. ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

The company has a market capitalization of $398.20 million, a P/E ratio of 32.74 and a beta of 0.04. The firm’s 50 day moving average is $62.52 and its 200-day moving average is $52.93. Farmers & Merchants Bancorp shares are scheduled to split on Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, September 20th.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Farmers & Merchants Bancorp had a return on equity of 9.60% and a net margin of 24.37%. The company had revenue of $11.64 million during the quarter, compared to analyst estimates of $11.49 million. Equities research analysts expect that Farmers & Merchants Bancorp Inc. will post $2.70 earnings per share for the current fiscal year.

In related news, Director K. Brad Stamm sold 625 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $81.00, for a total value of $50,625.00. Following the completion of the sale, the director now owns 80,468 shares of the company’s stock, valued at $6,517,908. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Everhart sold 1,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $54.00, for a total value of $54,000.00. Following the completion of the sale, the director now directly owns 10,998 shares of the company’s stock, valued at approximately $593,892. The disclosure for this sale can be found here. Company insiders own 5.03% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FMAO. Northern Trust Corp bought a new position in Farmers & Merchants Bancorp in the second quarter worth $2,363,000. Goldman Sachs Group Inc. bought a new position in Farmers & Merchants Bancorp in the second quarter worth $945,000. State Street Corp bought a new position in Farmers & Merchants Bancorp in the second quarter worth $884,000. Bank of New York Mellon Corp bought a new position in Farmers & Merchants Bancorp in the second quarter worth $791,000. Finally, TIAA CREF Investment Management LLC bought a new position in Farmers & Merchants Bancorp in the second quarter worth $743,000. 7.77% of the stock is owned by institutional investors.

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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.

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