Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Shares Sold by Mendel Money Management

Mendel Money Management cut its holdings in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 5.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 141,378 shares of the financial services provider’s stock after selling 7,910 shares during the quarter. Farmers & Merchants Bancorp makes up about 1.9% of Mendel Money Management’s holdings, making the stock its 19th largest holding. Mendel Money Management’s holdings in Farmers & Merchants Bancorp were worth $4,164,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FMAO. Larson Financial Group LLC acquired a new position in Farmers & Merchants Bancorp during the 3rd quarter valued at approximately $55,000. State Street Corp raised its stake in Farmers & Merchants Bancorp by 4.0% in the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock worth $6,665,000 after acquiring an additional 9,306 shares during the last quarter. Barclays PLC lifted its position in Farmers & Merchants Bancorp by 292.2% during the 3rd quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 12,375 shares during the period. Geode Capital Management LLC lifted its position in Farmers & Merchants Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock worth $8,011,000 after acquiring an additional 4,318 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Farmers & Merchants Bancorp by 204.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 12,827 shares during the last quarter. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Trading Down 0.2 %

Shares of NASDAQ:FMAO opened at $24.25 on Wednesday. Farmers & Merchants Bancorp, Inc. has a 52-week low of $19.65 and a 52-week high of $34.15. The business has a 50-day moving average price of $25.66 and a 200-day moving average price of $27.93. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock has a market cap of $332.23 million, a price-to-earnings ratio of 12.76 and a beta of 0.67.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. Equities analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.