Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Expected to Post Quarterly Sales of $23.90 Million

Brokerages forecast that Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAOGet Rating) will report $23.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Farmers & Merchants Bancorp’s earnings, with the lowest sales estimate coming in at $23.60 million and the highest estimate coming in at $24.20 million. Farmers & Merchants Bancorp posted sales of $20.03 million in the same quarter last year, which indicates a positive year over year growth rate of 19.3%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Farmers & Merchants Bancorp will report full-year sales of $99.10 million for the current fiscal year, with estimates ranging from $98.50 million to $99.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $107.70 million, with estimates ranging from $102.60 million to $112.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Farmers & Merchants Bancorp.

Farmers & Merchants Bancorp (NASDAQ:FMAOGet Rating) last released its quarterly earnings data on Monday, February 14th. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.16. The firm had revenue of $24.55 million for the quarter, compared to the consensus estimate of $22.30 million. Farmers & Merchants Bancorp had a return on equity of 10.13% and a net margin of 24.88%.

Several research analysts have recently commented on FMAO shares. Boenning Scattergood reiterated a “neutral” rating on shares of Farmers & Merchants Bancorp in a report on Wednesday, February 16th. Zacks Investment Research upgraded Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, January 3rd.

In other news, Director Jo Ellen Hornish bought 1,147 shares of Farmers & Merchants Bancorp stock in a transaction on Thursday, February 17th. The shares were purchased at an average price of $33.37 per share, for a total transaction of $38,275.39. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.06% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in FMAO. The Manufacturers Life Insurance Company lifted its position in Farmers & Merchants Bancorp by 21.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 377,693 shares of the financial services provider’s stock valued at $8,460,000 after acquiring an additional 65,530 shares during the period. F3Logic LLC grew its stake in shares of Farmers & Merchants Bancorp by 4.2% in the 3rd quarter. F3Logic LLC now owns 92,727 shares of the financial services provider’s stock worth $2,078,000 after buying an additional 3,765 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Farmers & Merchants Bancorp by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 70,653 shares of the financial services provider’s stock worth $1,583,000 after buying an additional 3,458 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Farmers & Merchants Bancorp during the 4th quarter valued at approximately $261,000. Finally, AE Wealth Management LLC purchased a new position in Farmers & Merchants Bancorp during the third quarter valued at $412,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

FMAO opened at $34.93 on Thursday. The company has a market cap of $456.40 million, a P/E ratio of 17.47 and a beta of 0.36. The business’s 50-day moving average price is $34.27 and its 200-day moving average price is $30.40. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. Farmers & Merchants Bancorp has a 12 month low of $21.26 and a 12 month high of $37.28.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 20th. Investors of record on Friday, April 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.18%. Farmers & Merchants Bancorp’s dividend payout ratio is presently 38.00%.

Farmers & Merchants Bancorp Company Profile (Get Rating)

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, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.

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

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