Farmers & Merchants Bancorp (FMAO) to Release Earnings on Wednesday

Farmers & Merchants Bancorp (NASDAQ:FMAO) is set to post its quarterly earnings results on Wednesday, April 17th.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.90 million. On average, analysts expect Farmers & Merchants Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Farmers & Merchants Bancorp Stock Down 0.2 %

Shares of FMAO opened at $20.03 on Tuesday. The stock has a market capitalization of $273.69 million, a price-to-earnings ratio of 11.99 and a beta of 0.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.01 and a current ratio of 1.01. Farmers & Merchants Bancorp has a 52 week low of $16.90 and a 52 week high of $27.78. The stock has a fifty day moving average of $20.93 and a 200-day moving average of $20.78.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, March 27th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 52.69%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group initiated coverage on Farmers & Merchants Bancorp in a research report on Friday, April 5th. They set a “market perform” rating and a $22.00 target price for the company.

Insider Buying and Selling

In other Farmers & Merchants Bancorp news, Director Jo Ellen Hornish purchased 3,594 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $20.56 per share, for a total transaction of $73,892.64. Following the acquisition, the director now owns 40,000 shares in the company, valued at approximately $822,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 7.76% of the stock is owned by corporate insiders.

Institutional Trading of Farmers & Merchants Bancorp

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in shares of Farmers & Merchants Bancorp in the 4th quarter valued at about $28,000. Legal & General Group Plc acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC grew 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 buying an additional 1,000 shares during the period. Osaic Holdings Inc. grew its stake in shares of Farmers & Merchants Bancorp by 84.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the financial services provider’s stock valued at $93,000 after buying an additional 1,890 shares during the period. Finally, Citigroup Inc. acquired a new stake in shares of Farmers & Merchants Bancorp in the 2nd quarter valued at about $94,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

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.