GAMMA Investing LLC Grows Holdings in Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO)

GAMMA Investing LLC grew its holdings in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) by 3,065.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,301 shares of the financial services provider’s stock after buying an additional 25,470 shares during the quarter. GAMMA Investing LLC owned 0.19% of Farmers & Merchants Bancorp worth $629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Farmers & Merchants Bancorp by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 652,760 shares of the financial services provider’s stock worth $19,224,000 after purchasing an additional 9,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Farmers & Merchants Bancorp by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 163,209 shares of the financial services provider’s stock worth $4,806,000 after purchasing an additional 17,339 shares during the last quarter. Northern Trust Corp lifted its stake in Farmers & Merchants Bancorp by 1.0% during the fourth quarter. Northern Trust Corp now owns 106,445 shares of the financial services provider’s stock worth $3,135,000 after purchasing an additional 1,089 shares during the last quarter. First Trust Advisors LP lifted its stake in Farmers & Merchants Bancorp by 9.1% during the fourth 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. Finally, JPMorgan Chase & Co. lifted its stake in Farmers & Merchants Bancorp by 134.8% during the fourth 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. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Stock Performance

FMAO stock opened at $24.03 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $329.69 million, a price-to-earnings ratio of 11.90 and a beta of 0.86. Farmers & Merchants Bancorp Inc. has a 1 year low of $20.88 and a 1 year high of $34.15. The stock’s fifty day moving average is $23.98 and its two-hundred day moving average is $25.80.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results 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 return on equity of 8.23% and a net margin of 15.15%. On average, research analysts predict that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, April 4th were paid a $0.2213 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.89 dividend on an annualized basis and a yield of 3.68%. 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.