Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 289,674 shares of the financial services provider’s stock after purchasing an additional 4,318 shares during the period. Geode Capital Management LLC owned approximately 2.11% of Farmers & Merchants Bancorp worth $8,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Farmers & Merchants Bancorp during the 3rd quarter valued at about $55,000. SG Americas Securities LLC purchased a new stake in shares of Farmers & Merchants Bancorp during the third quarter valued at $123,000. Perritt Capital Management Inc lifted its stake in Farmers & Merchants Bancorp by 40.0% during the second quarter. Perritt Capital Management Inc now owns 7,000 shares of the financial services provider’s stock valued at $163,000 after buying an additional 2,000 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Farmers & Merchants Bancorp during the 3rd quarter worth approximately $220,000. Finally, Buckingham Capital Management Inc. acquired a new position in Farmers & Merchants Bancorp during the third quarter valued at $245,000. 23.96% of the stock is owned by institutional investors.

Farmers & Merchants Bancorp Price Performance

NASDAQ FMAO opened at $28.35 on Friday. The company has a 50 day simple moving average of $30.94 and a 200-day simple moving average of $27.44. The firm has a market capitalization of $388.37 million, a price-to-earnings ratio of 16.68 and a beta of 0.68. Farmers & Merchants Bancorp, Inc. has a 52-week low of $18.99 and a 52-week high of $34.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. The business had revenue of $45.86 million during the quarter, compared to analyst estimates of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. Equities research analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.74 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.2213 per share. This represents a $0.89 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. Farmers & Merchants Bancorp’s dividend payout ratio is 51.76%.

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.