Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Acquired Rep. Robert E. Latta

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO). In a filing disclosed on October 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on October 20th.

Farmers & Merchants Bancorp Stock Down 0.3%

Shares of NASDAQ:FMAO opened at $23.90 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Farmers & Merchants Bancorp Inc. has a 52-week low of $20.88 and a 52-week high of $34.15. The stock’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $24.96. The company has a market capitalization of $327.91 million, a P/E ratio of 10.30 and a beta of 0.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Farmers & Merchants Bancorp had a return on equity of 9.28% and a net margin of 17.03%.The business had revenue of ($56.67) million for the quarter, compared to the consensus estimate of $26.35 million. As a group, equities research analysts forecast that Farmers & Merchants Bancorp Inc. will post 1.82 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 10th were given a $0.2275 dividend. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.91 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, October 10th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is currently 42.13%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Zacks Research downgraded Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Farmers & Merchants Bancorp in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Farmers & Merchants Bancorp has a consensus rating of “Hold”.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

Large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its position in Farmers & Merchants Bancorp by 6.2% during the second quarter. Inspire Investing LLC now owns 15,229 shares of the financial services provider’s stock worth $385,000 after buying an additional 885 shares during the period. Revisor Wealth Management LLC purchased a new position in Farmers & Merchants Bancorp during the first quarter worth about $278,000. Trust Co. of Toledo NA OH purchased a new position in Farmers & Merchants Bancorp during the second quarter worth about $201,000. Nuveen LLC purchased a new position in shares of Farmers & Merchants Bancorp in the 1st quarter worth about $817,000. Finally, Carnegie Investment Counsel raised its holdings in shares of Farmers & Merchants Bancorp by 61.5% in the 1st quarter. Carnegie Investment Counsel now owns 15,630 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 5,951 shares during the period. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Latta

Bob Latta (Republican Party) is a member of the U.S. House, representing Ohio’s 5th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2027.

Latta (Republican Party) ran for re-election to the U.S. House to represent Ohio’s 5th Congressional District. He won in the general election on November 5, 2024.

Farmers & Merchants Bancorp Company Profile

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.