Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Lowered to “Sell” at Zacks Investment Research

Share on StockTwits

Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) from a hold rating to a sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Farmers & Merchants Bancorp, Inc. is the holding company for The Farmers & Merchants State Bank which operates as a locally owned and operated community bank serving Northwest Ohio and Northeast Indiana. The bank provides commercial banking, retail banking and other financial services through its 19 offices with locations in Fulton, Defiance, Henry, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana they have offices located in DeKalb and Steuben counties. Farmers & Merchants Bancorp, Inc. is based in Archbold, Ohio. “

A number of other research firms have also recently weighed in on FMAO. Boenning Scattergood reiterated a neutral rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Monday, May 6th. ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a strong sell rating to a sell rating in a research report on Thursday, August 1st.

Shares of FMAO opened at $25.35 on Tuesday. The stock has a fifty day simple moving average of $27.70. Farmers & Merchants Bancorp, Inc. has a fifty-two week low of $24.58 and a fifty-two week high of $46.92. The company has a market capitalization of $279.99 million, a PE ratio of 15.09 and a beta of 0.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.97.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.07). Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 23.86% and a return on equity of 9.22%. The firm had revenue of $17.52 million for the quarter, compared to the consensus estimate of $15.64 million. Analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Shareholders of record on Monday, June 17th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, June 14th. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio (DPR) is 35.71%.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its position in Farmers & Merchants Bancorp, Inc. (OH) by 46,375.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,855 shares during the last quarter. Geode Capital Management LLC increased its position in Farmers & Merchants Bancorp, Inc. (OH) by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 87,938 shares of the financial services provider’s stock valued at $3,384,000 after acquiring an additional 5,111 shares during the last quarter. BKD Wealth Advisors LLC bought a new position in Farmers & Merchants Bancorp, Inc. (OH) during the second quarter valued at $4,808,000. American Century Companies Inc. bought a new position in Farmers & Merchants Bancorp, Inc. (OH) during the fourth quarter valued at $343,000. Finally, Bank of America Corp DE increased its position in Farmers & Merchants Bancorp, Inc. (OH) by 82.7% during the fourth quarter. Bank of America Corp DE now owns 5,069 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 2,295 shares during the last quarter. Institutional investors and hedge funds own 17.00% of the company’s stock.

About Farmers & Merchants Bancorp, Inc. (OH)

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.

Recommended Story: Resistance Level

Get a free copy of the Zacks research report on Farmers & Merchants Bancorp, Inc. (OH) (FMAO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Farmers & Merchants Bancorp Inc. (OH) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers & Merchants Bancorp Inc. (OH) and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Recent Analysts’ Ratings Changes for Sanmina
Recent Analysts’ Ratings Changes for Sanmina
Recent Research Analysts’ Ratings Changes for Avid Bioservices
Recent Research Analysts’ Ratings Changes for Avid Bioservices
Research Analysts’ Weekly Ratings Updates for American National BankShares
Research Analysts’ Weekly Ratings Updates for American National BankShares
Karpus Management Inc. Has $23.32 Million Holdings in ISHARES TR/CORE DIVID GR ETF
Karpus Management Inc. Has $23.32 Million Holdings in ISHARES TR/CORE DIVID GR ETF
STRATA Skin Sciences  Receives “Buy” Rating from HC Wainwright
STRATA Skin Sciences Receives “Buy” Rating from HC Wainwright
First Internet Bancorp  Announces $0.06 Quarterly Dividend
First Internet Bancorp Announces $0.06 Quarterly Dividend


© 2006-2019 Ticker Report