Farmers & Merchants Bancorp (NASDAQ:FMAO) Issues Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02), Fidelity Earnings reports. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 23.72%.

Shares of FMAO stock traded up $0.09 during trading hours on Thursday, reaching $21.99. 437 shares of the company’s stock were exchanged, compared to its average volume of 98,790. The firm has a market cap of $246.29 million, a P/E ratio of 11.72 and a beta of 0.31. The business’s 50 day simple moving average is $21.91. Farmers & Merchants Bancorp has a 1 year low of $19.50 and a 1 year high of $27.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.89.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 20th. Stockholders of record on Monday, June 28th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, June 25th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 40.48%.

Separately, Zacks Investment Research raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, July 14th.

In related news, Director Andrew J. Briggs sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 24th. The stock was sold at an average price of $22.04, for a total value of $44,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew J. Briggs sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of $22.01, for a total value of $37,417.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,799 shares of company stock valued at $215,747. Company insiders own 8.53% of the company’s stock.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking account services, as well as savings and time deposit services, such as certificates of deposit; and custodial services for individual retirement and health savings accounts.

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Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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