Farmers & Merchants Bancorp (NASDAQ:FMAO) Issues Quarterly Earnings Results

Farmers & Merchants Bancorp (NASDAQ:FMAO) released its earnings results on Thursday. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04, FiscalAI reports. Farmers & Merchants Bancorp had a return on equity of 10.72% and a net margin of 20.27%. The business had revenue of $34.81 million for the quarter, compared to the consensus estimate of $34.65 million.

Farmers & Merchants Bancorp Price Performance

FMAO opened at $36.30 on Friday. The company’s 50-day simple moving average is $34.91 and its two-hundred day simple moving average is $31.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $499.85 million, a P/E ratio of 12.42 and a beta of 0.81. Farmers & Merchants Bancorp has a 52-week low of $22.91 and a 52-week high of $36.31.

Farmers & Merchants Bancorp Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, October 9th. Farmers & Merchants Bancorp’s dividend payout ratio is currently 32.99%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FMAO shares. Zacks Research lowered Farmers & Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Farmers & Merchants Bancorp in a research note on Monday, September 14th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 target price (up from $32.00) on shares of Farmers & Merchants Bancorp in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Farmers & Merchants Bancorp has an average rating of “Hold” and an average price target of $32.25.

Insiders Place Their Bets

In related news, Director Andrew J. Briggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $34.76, for a total value of $104,280.00. Following the sale, the director owned 72,550 shares in the company, valued at approximately $2,521,838. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 30,402 shares of company stock worth $1,044,760 in the last 90 days. 7.30% of the stock is owned by corporate insiders.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company headquartered in Archbold, Ohio. Founded in 1897, the company operates through its principal subsidiary, The Farmers & Merchants State Bank, a community bank serving individuals, families, farmers and businesses.

The bank offers a range of traditional financial services, including checking and savings accounts, certificates of deposit, consumer and residential mortgage loans, commercial lending, agricultural loans and other business banking products.