Farmers & Merchants Bancorp (NASDAQ:FMAO) Shares Pass Below 200 Day Moving Average – Should You Sell?

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.54 and traded as low as $21.48. Farmers & Merchants Bancorp shares last traded at $21.91, with a volume of 16,880 shares traded.

Farmers & Merchants Bancorp Stock Performance

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 company has a market cap of $296.61 million, a price-to-earnings ratio of 11.39 and a beta of 0.75. The firm has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $27.50.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, analysts predict that Farmers & Merchants Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

Farmers & Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, April 4th will be paid a $0.2213 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, April 4th. Farmers & Merchants Bancorp’s dividend payout ratio (DPR) is 46.32%.

Hedge Funds Weigh In On Farmers & Merchants Bancorp

A number of hedge funds have recently made changes to their positions in FMAO. State Street Corp lifted its stake in Farmers & Merchants Bancorp by 4.0% during the 3rd quarter. State Street Corp now owns 241,043 shares of the financial services provider’s stock worth $6,665,000 after acquiring an additional 9,306 shares in the last quarter. Barclays PLC increased its stake in Farmers & Merchants Bancorp by 292.2% during the third quarter. Barclays PLC now owns 16,610 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 12,375 shares during the period. Geode Capital Management LLC lifted its position in shares of Farmers & Merchants Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 289,674 shares of the financial services provider’s stock worth $8,011,000 after purchasing an additional 4,318 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Farmers & Merchants Bancorp by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 19,094 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 12,827 shares during the period. Finally, Ellsworth Advisors LLC acquired a new position in shares of Farmers & Merchants Bancorp in the fourth quarter valued at approximately $585,000. Hedge funds and other institutional investors 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.