Farmers & Merchants Bancorp (NASDAQ:FMAO) Share Price Crosses Below 200 Day Moving Average of $22.27

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.27 and traded as low as $18.20. Farmers & Merchants Bancorp shares last traded at $18.45, with a volume of 13,327 shares traded.

Analysts Set New Price Targets

FMAO has been the subject of several recent research reports. Piper Sandler cut Farmers & Merchants Bancorp from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $24.00 to $23.50 in a research report on Thursday, July 27th. Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Farmers & Merchants Bancorp in a research report on Tuesday, August 1st.

Farmers & Merchants Bancorp Trading Down 2.8 %

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $21.24 and its 200 day moving average price is $22.27. The company has a market capitalization of $251.66 million, a P/E ratio of 8.70 and a beta of 0.44.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $24.39 million during the quarter, compared to analysts’ expectations of $25.30 million. Farmers & Merchants Bancorp had a net margin of 20.91% and a return on equity of 10.22%. As a group, equities research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.67 earnings per share for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, July 7th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, July 6th. Farmers & Merchants Bancorp’s payout ratio is 39.62%.

Insider Activity

In other news, Director Steven J. Planson acquired 1,318 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $19.75 per share, for a total transaction of $26,030.50. Following the completion of the transaction, the director now owns 26,067 shares of the company’s stock, valued at $514,823.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.76% of the company’s stock.

Institutional Trading of Farmers & Merchants Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FMAO. Lazard Asset Management LLC bought a new stake in Farmers & Merchants Bancorp during the 4th quarter valued at about $28,000. Legal & General Group Plc purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter worth approximately $37,000. CoreCap Advisors LLC purchased a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter valued at $57,000. Tower Research Capital LLC TRC lifted its stake in shares of Farmers & Merchants Bancorp by 88.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,135 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. Finally, Royal Bank of Canada acquired a new position in Farmers & Merchants Bancorp during the first quarter worth $129,000. 22.71% of the stock is currently owned by institutional investors.

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