SG Americas Securities LLC Invests $172,000 in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

SG Americas Securities LLC acquired a new position in shares of Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,935 shares of the financial services provider’s stock, valued at approximately $172,000.

Several other hedge funds have also made changes to their positions in FMAO. Bank of New York Mellon Corp boosted its holdings in Farmers & Merchants Bancorp by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 28,250 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 307 shares during the last quarter. UBS Group AG boosted its holdings in Farmers & Merchants Bancorp by 10.5% in the second quarter. UBS Group AG now owns 3,613 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 343 shares during the last quarter. Northern Trust Corp boosted its holdings in Farmers & Merchants Bancorp by 2.6% in the first quarter. Northern Trust Corp now owns 19,802 shares of the financial services provider’s stock valued at $716,000 after acquiring an additional 503 shares during the last quarter. Deutsche Bank AG boosted its holdings in Farmers & Merchants Bancorp by 15.4% in the fourth quarter. Deutsche Bank AG now owns 5,810 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 776 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Farmers & Merchants Bancorp by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 9,685 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 796 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Insider Buying and Selling at Farmers & Merchants Bancorp

In related news, Director Jo Ellen Hornish acquired 3,594 shares of the business’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $20.56 per share, with a total value of $73,892.64. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $822,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on Farmers & Merchants Bancorp in a report on Friday, April 5th. They issued a “market perform” rating and a $22.00 target price on the stock.

Farmers & Merchants Bancorp Price Performance

Shares of Farmers & Merchants Bancorp stock opened at $20.07 on Monday. Farmers & Merchants Bancorp, Inc. has a twelve month low of $16.90 and a twelve month high of $27.78. The stock has a market capitalization of $274.16 million, a P/E ratio of 12.02 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.93. The business’s fifty day moving average price is $20.97 and its 200 day moving average price is $20.77.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.32 by $0.09. Farmers & Merchants Bancorp had a return on equity of 7.46% and a net margin of 14.62%. The company had revenue of $23.86 million for the quarter, compared to analyst estimates of $22.90 million. As a group, research analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.5 earnings per share for the current year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.38%. The ex-dividend date is Wednesday, March 27th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 52.69%.

Farmers & Merchants Bancorp 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.