Zacks: Farmers & Merchants Bancorp, Inc. (OH) (FMAO) Receives Consensus Rating of “Hold” from Analysts

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Shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also assigned Farmers & Merchants Bancorp, Inc. (OH) an industry rank of 209 out of 255 based on the ratings given to related companies.

Several research firms have weighed in on FMAO. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. ValuEngine upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Wednesday, February 20th.

Several institutional investors and hedge funds have recently modified their holdings of FMAO. BlackRock Inc. boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 4.9% in the third quarter. BlackRock Inc. now owns 456,473 shares of the financial services provider’s stock worth $19,442,000 after buying an additional 21,422 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 34.7% in the third quarter. Dimensional Fund Advisors LP now owns 21,039 shares of the financial services provider’s stock worth $896,000 after buying an additional 5,421 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Farmers & Merchants Bancorp, Inc. (OH) in the third quarter worth about $247,000. MetLife Investment Advisors LLC boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 58.7% in the third quarter. MetLife Investment Advisors LLC now owns 6,356 shares of the financial services provider’s stock worth $271,000 after buying an additional 2,350 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Farmers & Merchants Bancorp, Inc. (OH) by 1.3% in the third quarter. Vanguard Group Inc. now owns 383,300 shares of the financial services provider’s stock worth $16,325,000 after buying an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 15.53% of the company’s stock.

Farmers & Merchants Bancorp, Inc. (OH) stock traded up $0.50 during trading hours on Wednesday, hitting $30.49. 11,508 shares of the stock traded hands, compared to its average volume of 14,790. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $322.11 million, a PE ratio of 18.15 and a beta of 0.13. Farmers & Merchants Bancorp, Inc. has a 1 year low of $26.68 and a 1 year high of $49.99.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $12.95 million for the quarter, compared to analysts’ expectations of $12.96 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 26.09% and a return on equity of 11.31%. As a group, analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Tuesday, March 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.97%. Farmers & Merchants Bancorp, Inc. (OH)’s payout ratio is 35.71%.

Farmers & Merchants Bancorp, Inc. (OH) 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 deposit; and custodial services for individual retirement accounts and health savings accounts.

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