Ellsworth Advisors LLC Purchases New Holdings in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)

Ellsworth Advisors LLC bought a new position in Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) in the fourth quarter, Holdings Channel reports. The firm bought 19,868 shares of the financial services provider’s stock, valued at approximately $585,000.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth $55,000. SG Americas Securities LLC purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth $123,000. Trust Co. of Toledo NA OH purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth $220,000. Buckingham Capital Management Inc. purchased a new stake in Farmers & Merchants Bancorp in the third quarter worth $245,000. Finally, Barclays PLC increased its position in Farmers & Merchants Bancorp by 292.2% in the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock worth $460,000 after buying an additional 12,375 shares during the last quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

Farmers & Merchants Bancorp Stock Performance

NASDAQ:FMAO opened at $26.70 on Tuesday. 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 business has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $27.86. Farmers & Merchants Bancorp, Inc. has a 1 year low of $18.99 and a 1 year high of $34.15. The company has a market capitalization of $365.79 million, a P/E ratio of 15.71 and a beta of 0.69.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. The company had revenue of $45.86 million during the quarter, compared to analysts’ expectations of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. On average, analysts expect that Farmers & Merchants Bancorp, Inc. will post 1.74 earnings per share for the current year.

Farmers & Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Friday, December 27th were given a $0.2213 dividend. The ex-dividend date was Friday, December 27th. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 3.31%. Farmers & Merchants Bancorp’s payout ratio is 51.77%.

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.