Farmers & Merchants Bancorp, Inc. (FMAO) Director Sells $84,420.00 in Stock

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Director Steven Everhart sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $42.21, for a total value of $84,420.00. Following the transaction, the director now owns 19,580 shares in the company, valued at approximately $826,471.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

FMAO stock opened at $42.45 on Wednesday. The stock has a market capitalization of $394.73, a P/E ratio of 30.98 and a beta of 0.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.04. Farmers & Merchants Bancorp, Inc. has a 1 year low of $20.70 and a 1 year high of $44.00.

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Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Farmers & Merchants Bancorp had a return on equity of 9.67% and a net margin of 24.47%. The business had revenue of $12.25 million during the quarter, compared to analysts’ expectations of $12.18 million. equities analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Tuesday, March 27th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.22%. Farmers & Merchants Bancorp’s payout ratio is currently 37.82%.

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Farmers & Merchants Bancorp by 1.1% during the fourth quarter. BlackRock Inc. now owns 393,047 shares of the financial services provider’s stock valued at $16,036,000 after acquiring an additional 4,160 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Farmers & Merchants Bancorp by 15.9% during the fourth quarter. Geode Capital Management LLC now owns 72,061 shares of the financial services provider’s stock valued at $2,940,000 after acquiring an additional 9,883 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Farmers & Merchants Bancorp by 18.5% during the fourth quarter. Bank of New York Mellon Corp now owns 39,510 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 6,176 shares during the last quarter. Northern Trust Corp acquired a new position in shares of Farmers & Merchants Bancorp during the second quarter valued at approximately $2,363,000. Finally, Deutsche Bank AG raised its holdings in shares of Farmers & Merchants Bancorp by 40.4% during the fourth quarter. Deutsche Bank AG now owns 20,208 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 5,815 shares during the last quarter. 14.22% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on FMAO. Zacks Investment Research downgraded Farmers & Merchants Bancorp from a “buy” rating to a “sell” rating in a research report on Tuesday, February 20th. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp in a research report on Tuesday, February 13th.

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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, 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 deposits; and custodial services for individual retirement accounts and health savings accounts.

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

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