Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) released its quarterly earnings data on Monday. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.03), Fidelity Earnings reports. The company had revenue of $16.06 million for the quarter, compared to analysts’ expectations of $15.28 million. Farmers & Merchants Bancorp, Inc. (OH) had a net margin of 22.57% and a return on equity of 8.77%.

Shares of NASDAQ FMAO opened at $25.74 on Thursday. The firm has a 50 day moving average of $25.95 and a 200 day moving average of $27.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $285.97 million, a price-to-earnings ratio of 15.32 and a beta of 0.29. Farmers & Merchants Bancorp, Inc. has a 12-month low of $24.30 and a 12-month high of $42.65.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Tuesday, October 1st were given a dividend of $0.15 per share. The ex-dividend date was Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 2.33%. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio (DPR) is 35.71%.

FMAO has been the subject of several recent research reports. ValuEngine upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Sandler O’Neill initiated coverage on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research report on Wednesday, October 2nd. They set a “hold” rating and a $27.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

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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Earnings History for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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