Farmers & Merchants Bancorp (OTCMKTS:FMCB) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Farmers & Merchants Bancorp (OTCMKTS:FMCB)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1,040.05 and traded as high as $1,044.99. Farmers & Merchants Bancorp shares last traded at $1,025.00, with a volume of 737 shares changing hands.

Farmers & Merchants Bancorp Stock Performance

The firm has a 50 day moving average of $1,042.50 and a two-hundred day moving average of $990.48. The stock has a market cap of $735 million, a P/E ratio of 8.86 and a beta of 0.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.82 and a current ratio of 0.82.

Farmers & Merchants Bancorp (OTCMKTS:FMCB) last announced its earnings results on Wednesday, October 16th. The bank reported $29.96 earnings per share for the quarter. Farmers & Merchants Bancorp had a return on equity of 15.35% and a net margin of 30.25%. The firm had revenue of $58.27 million during the quarter.

Farmers & Merchants Bancorp Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 4th were paid a dividend of $9.30 per share. This is an increase from Farmers & Merchants Bancorp’s previous dividend of $8.80. The ex-dividend date was Wednesday, December 4th. Farmers & Merchants Bancorp’s dividend payout ratio is presently 15.70%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit products, including checking, savings, money market, time certificates of deposit, and individual retirement accounts.