Farmers & Merchants Bancorp (NASDAQ:FMAO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.00 and traded as low as $24.06. Farmers & Merchants Bancorp shares last traded at $24.39, with a volume of 28,875 shares.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research raised Farmers & Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Farmers & Merchants Bancorp Stock Down 0.3%

The firm has a market cap of $335.36 million, a PE ratio of 10.51 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $24.50 and a two-hundred day moving average price of $25.00.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Monday, October 27th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $31.26 million during the quarter, compared to analysts’ expectations of $26.35 million. Farmers & Merchants Bancorp had a return on equity of 9.16% and a net margin of 17.03%. On average, equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were issued a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 3.7%. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, October 10th. Farmers & Merchants Bancorp’s dividend payout ratio is 39.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Farmers & Merchants Bancorp in the 3rd quarter valued at $224,000. Millennium Management LLC increased its holdings in Farmers & Merchants Bancorp by 2.9% in the third quarter. Millennium Management LLC now owns 25,483 shares of the financial services provider’s stock valued at $637,000 after buying an additional 722 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Farmers & Merchants Bancorp in the third quarter valued at $921,000. Bridgeway Capital Management LLC lifted its holdings in Farmers & Merchants Bancorp by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 19,980 shares of the financial services provider’s stock worth $500,000 after buying an additional 723 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Farmers & Merchants Bancorp by 71.4% during the 3rd quarter. Squarepoint Ops LLC now owns 25,273 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 10,530 shares in the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.