Northern Trust Corp Raises Position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Northern Trust Corp raised its holdings in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,445 shares of the financial services provider’s stock after acquiring an additional 1,089 shares during the period. Northern Trust Corp owned approximately 0.78% of Farmers & Merchants Bancorp worth $3,135,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Farmers & Merchants Bancorp by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 652,760 shares of the financial services provider’s stock worth $19,224,000 after buying an additional 9,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Farmers & Merchants Bancorp by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 163,209 shares of the financial services provider’s stock valued at $4,806,000 after buying an additional 17,339 shares during the period. First Trust Advisors LP lifted its position in shares of Farmers & Merchants Bancorp by 9.1% during the 4th quarter. First Trust Advisors LP now owns 47,703 shares of the financial services provider’s stock worth $1,405,000 after purchasing an additional 3,996 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Farmers & Merchants Bancorp by 134.8% during the 4th quarter. JPMorgan Chase & Co. now owns 44,830 shares of the financial services provider’s stock worth $1,320,000 after purchasing an additional 25,736 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Farmers & Merchants Bancorp by 15.3% during the 4th quarter. Barclays PLC now owns 19,159 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 2,549 shares during the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Farmers & Merchants Bancorp Price Performance

Shares of NASDAQ:FMAO opened at $23.58 on Friday. The company’s fifty day moving average price is $23.92 and its 200 day moving average price is $26.89. Farmers & Merchants Bancorp, Inc. has a 12 month low of $19.95 and a 12 month 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. The firm has a market capitalization of $323.47 million, a P/E ratio of 12.41 and a beta of 0.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $28.07 million for the quarter, compared to analyst estimates of $26.67 million. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. As a group, sell-side analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, April 4th were issued a dividend of $0.2213 per share. This represents a $0.89 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Friday, April 4th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 43.56%.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.