Farmers & Merchants Bancorp Inc. (FMAO) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) from a buy rating to a hold rating in a report published on Saturday.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Farmers & Merchants Bancorp from a hold rating to a buy rating and set a $44.00 price objective on the stock in a report on Friday, October 20th. Boenning Scattergood reaffirmed a hold rating on shares of Farmers & Merchants Bancorp in a research report on Thursday, October 19th.

Shares of Farmers & Merchants Bancorp (NASDAQ FMAO) opened at 41.07 on Friday. The company’s 50 day moving average price is $38.77 and its 200 day moving average price is $30.35. The company has a market capitalization of $376.00 million, a price-to-earnings ratio of 30.93 and a beta of 0.05. Farmers & Merchants Bancorp has a 52-week low of $16.40 and a 52-week high of $43.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $11.84 million for the quarter, compared to the consensus estimate of $11.85 million. Farmers & Merchants Bancorp had a return on equity of 9.74% and a net margin of 24.46%. On average, analysts predict that Farmers & Merchants Bancorp will post $1.35 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Tuesday, September 26th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.52 annualized dividend and a yield of 1.27%. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 38.52%.

In other Farmers & Merchants Bancorp news, Director Anthony Rupp sold 2,072 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total transaction of $180,471.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director K. Brad Stamm sold 625 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $81.00, for a total value of $50,625.00. Following the sale, the director now directly owns 80,468 shares in the company, valued at approximately $6,517,908. The disclosure for this sale can be found here. Insiders have sold a total of 6,183 shares of company stock worth $439,793 in the last ninety days. Insiders own 5.03% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $139,000. Advisor Group Inc. acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $206,000. Rhumbline Advisers acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $296,000. New York State Common Retirement Fund acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $298,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter worth $432,000. 4.15% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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