Eugene N. Burkholder Purchases 1,433 Shares of Farmers & Merchants Bancorp Inc. (FMAO) Stock

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Director Eugene N. Burkholder acquired 1,433 shares of the stock in a transaction dated Saturday, May 6th. The stock was acquired at an average cost of $21.90 per share, for a total transaction of $31,382.70. The transaction was disclosed in a filing with the SEC, which is available through this link.

Farmers & Merchants Bancorp Inc. (FMAO) opened at 41.07 on Wednesday. Farmers & Merchants Bancorp Inc. has a 52-week low of $16.40 and a 52-week high of $43.90. The stock has a 50 day moving average of $38.77 and a 200 day moving average of $30.35. The stock has a market capitalization of $376.00 million, a P/E ratio of 30.93 and a beta of 0.06.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, September 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. Farmers & Merchants Bancorp’s dividend payout ratio is currently 38.52%.

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Several brokerages have recently issued reports on FMAO. ValuEngine cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, October 20th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a research report on Thursday, October 19th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its holdings in shares of Farmers & Merchants Bancorp by 110.3% in the 3rd quarter. Nationwide Fund Advisors now owns 4,728 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,480 shares during the last quarter. California State Teachers Retirement System acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $490,000. State Street Corp acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $884,000. Goldman Sachs Group Inc. acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $945,000. Finally, Advisor Group Inc. acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at approximately $206,000. 4.15% of the stock is owned by 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.

Insider Buying and Selling by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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