Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Passes Below Two Hundred Day Moving Average of $20.91

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.91 and traded as low as $20.36. Farmers & Merchants Bancorp shares last traded at $20.47, with a volume of 15,993 shares changing hands.

Analysts Set New Price Targets

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

Farmers & Merchants Bancorp Stock Performance

The firm has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $20.91. 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 stock has a market cap of $279.62 million, a price-to-earnings ratio of 12.26 and a beta of 0.61.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The company had revenue of $23.86 million during the quarter, compared to analysts’ expectations of $22.90 million. Farmers & Merchants Bancorp had a net margin of 14.62% and a return on equity of 7.46%. Analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.5 EPS for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Wednesday, March 27th. Farmers & Merchants Bancorp’s payout ratio is 52.69%.

Insider Activity

In related news, Director Jo Ellen Hornish acquired 3,594 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $20.56 per share, for a total transaction of $73,892.64. Following the completion of the acquisition, the director now 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 is accessible through this hyperlink. 7.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Farmers & Merchants Bancorp during the 4th quarter worth about $172,000. Buckingham Capital Management Inc. acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth $202,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Farmers & Merchants Bancorp during the 1st quarter worth $41,525,000. Tufton Capital Management acquired a new stake in Farmers & Merchants Bancorp during the 4th quarter worth $242,000. Finally, Revisor Wealth Management LLC acquired a new stake in Farmers & Merchants Bancorp during the 3rd quarter worth $203,000. 23.96% of the stock is currently owned by institutional investors and hedge funds.

About Farmers & Merchants Bancorp

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.