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

Representative Robert E. Latta (R-Ohio) recently bought shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO). In a filing disclosed on January 23rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on January 20th.

Farmers & Merchants Bancorp Trading Up 1.8%

Farmers & Merchants Bancorp stock opened at $26.13 on Tuesday. The business’s fifty day moving average is $25.46 and its 200 day moving average is $25.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $359.29 million, a PE ratio of 11.26 and a beta of 0.84. Farmers & Merchants Bancorp Inc. has a one year low of $20.88 and a one year high of $28.39.

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

Farmers & Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, December 29th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, December 29th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.23. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is presently 39.66%.

Analyst Upgrades and Downgrades

FMAO has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Farmers & Merchants Bancorp in a research report on Monday, December 29th. Zacks Research lowered shares of Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmers & Merchants Bancorp currently has an average rating of “Hold”.

Institutional Investors Weigh In On Farmers & Merchants Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Farmers & Merchants Bancorp by 36.0% in the second quarter. BNP Paribas Financial Markets now owns 1,924 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 509 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Farmers & Merchants Bancorp by 126.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,185 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,219 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Farmers & Merchants Bancorp by 948.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,436 shares of the financial services provider’s stock valued at $112,000 after buying an additional 4,013 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter worth about $201,000. Finally, Franklin Resources Inc. acquired a new position in shares of Farmers & Merchants Bancorp during the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 23.96% of the company’s stock.

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 (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.