Brokerages Expect Farmers & Merchants Bancorp, Inc. (FMAO) to Announce $0.40 EPS

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given Farmers & Merchants Bancorp an industry rank of 111 out of 265 based on the ratings given to related companies.

A number of research firms have issued reports on FMAO. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp in a research note on Tuesday, February 13th. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, ValuEngine upgraded shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.

In other news, Director Steven Everhart sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $42.21, for a total value of $84,420.00. Following the completion of the sale, the director now directly owns 19,580 shares in the company, valued at $826,471.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.51% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in shares of Farmers & Merchants Bancorp in the fourth quarter worth $456,000. California State Teachers Retirement System lifted its stake in shares of Farmers & Merchants Bancorp by 84.8% in the third quarter. California State Teachers Retirement System now owns 14,600 shares of the financial services provider’s stock worth $532,000 after buying an additional 6,700 shares during the last quarter. American International Group Inc. lifted its stake in shares of Farmers & Merchants Bancorp by 279.2% in the third quarter. American International Group Inc. now owns 10,433 shares of the financial services provider’s stock worth $380,000 after buying an additional 7,682 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Farmers & Merchants Bancorp by 161.4% in the third quarter. Bank of New York Mellon Corp now owns 33,334 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 20,580 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Farmers & Merchants Bancorp by 17.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 17,841 shares of the financial services provider’s stock worth $728,000 after buying an additional 2,641 shares during the last quarter. Institutional investors and hedge funds own 14.29% of the company’s stock.

NASDAQ FMAO opened at $40.67 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $376.85, a price-to-earnings ratio of 29.47 and a beta of 0.06. Farmers & Merchants Bancorp has a 12-month low of $21.35 and a 12-month high of $44.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Thursday, April 19th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $12.28 million during the quarter, compared to analysts’ expectations of $12.24 million. Farmers & Merchants Bancorp had a net margin of 25.55% and a return on equity of 10.28%. analysts anticipate that Farmers & Merchants Bancorp will post 1.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Stockholders of record on Tuesday, March 27th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, March 26th. Farmers & Merchants Bancorp’s payout ratio is 37.68%.

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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.

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