Rep. Robert E. Latta Buys 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 April 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Farmers & Merchants Bancorp stock on April 20th.

Farmers & Merchants Bancorp Trading Up 8.0 %

Shares of Farmers & Merchants Bancorp stock opened at $24.99 on Wednesday. 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 stock has a market capitalization of $342.36 million, a PE ratio of 13.15 and a beta of 0.75. Farmers & Merchants Bancorp, Inc. has a 1-year low of $19.95 and a 1-year high of $34.15. The company’s fifty day simple moving average is $23.64 and its 200-day simple moving average is $27.19.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Monday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $28.07 million for the quarter, compared to the consensus estimate of $26.67 million. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, equities analysts anticipate that Farmers & Merchants Bancorp, Inc. will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, April 4th were given a $0.2213 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.89 annualized dividend and a yield of 3.54%. Farmers & Merchants Bancorp’s payout ratio is presently 46.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Revisor Wealth Management LLC purchased a new position in Farmers & Merchants Bancorp during the first quarter valued at approximately $278,000. Hicks Capital Management LLC purchased a new position in shares of Farmers & Merchants Bancorp in the first quarter valued at about $347,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Farmers & Merchants Bancorp during the 1st quarter valued at approximately $153,000. GAMMA Investing LLC lifted its holdings in Farmers & Merchants Bancorp by 3,065.0% in the 1st quarter. GAMMA Investing LLC now owns 26,301 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 25,470 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Farmers & Merchants Bancorp in the 4th quarter worth approximately $225,000. 23.96% of the stock is currently owned by 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.

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.