Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO – Get Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 31,300 shares, a growth of 34.9% from the March 15th total of 23,200 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 1.9 days.
In other news, Director Jo Ellen Hornish acquired 1,147 shares of the firm’s stock in a transaction dated Thursday, February 17th. The shares were purchased at an average cost of $33.37 per share, for a total transaction of $38,275.39. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.06% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FMAO. The Manufacturers Life Insurance Company increased its position in Farmers & Merchants Bancorp by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 382,426 shares of the financial services provider’s stock worth $12,555,000 after purchasing an additional 4,733 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Farmers & Merchants Bancorp by 21.0% during the third quarter. The Manufacturers Life Insurance Company now owns 377,693 shares of the financial services provider’s stock worth $8,460,000 after purchasing an additional 65,530 shares in the last quarter. Fourthstone LLC raised its holdings in Farmers & Merchants Bancorp by 36.6% during the third quarter. Fourthstone LLC now owns 266,791 shares of the financial services provider’s stock worth $5,977,000 after purchasing an additional 71,535 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Farmers & Merchants Bancorp by 182.7% in the 4th quarter. BlackRock Inc. now owns 179,797 shares of the financial services provider’s stock valued at $5,903,000 after acquiring an additional 116,196 shares during the period. Finally, Millennium Management LLC increased its stake in Farmers & Merchants Bancorp by 1.8% in the 4th quarter. Millennium Management LLC now owns 100,973 shares of the financial services provider’s stock valued at $3,315,000 after buying an additional 1,801 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.
Farmers & Merchants Bancorp stock opened at $34.64 on Monday. Farmers & Merchants Bancorp has a twelve month low of $21.26 and a twelve month high of $37.28. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $34.39 and its 200-day moving average price is $30.68. The company has a market cap of $452.61 million, a PE ratio of 17.32 and a beta of 0.36.
Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Rating) last released its quarterly earnings data on Monday, February 14th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. Farmers & Merchants Bancorp had a net margin of 24.88% and a return on equity of 10.13%. The company had revenue of $24.55 million during the quarter, compared to analysts’ expectations of $22.30 million. As a group, sell-side analysts expect that Farmers & Merchants Bancorp will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 20th. Shareholders of record on Friday, April 1st will be paid 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 2.19%. Farmers & Merchants Bancorp’s payout ratio is 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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