Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) shares are going to split before the market opens on Thursday, September 21st. The 2-1 split was announced on Friday, August 18th. The newly created shares will be issued to shareholders after the closing bell on Wednesday, September 20th.

Shares of Farmers & Merchants Bancorp (NASDAQ:FMAO) opened at 75.26 on Friday. The company’s 50-day moving average price is $65.18 and its 200 day moving average price is $53.96. Farmers & Merchants Bancorp has a 12-month low of $30.50 and a 12-month high of $87.79. The firm has a market capitalization of $344.47 million, a PE ratio of 28.33 and a beta of 0.04.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. Farmers & Merchants Bancorp had a return on equity of 9.60% and a net margin of 24.37%. The business had revenue of $11.64 million during the quarter, compared to analyst estimates of $11.49 million. On average, equities analysts forecast that Farmers & Merchants Bancorp will post $2.70 earnings per share for the current year.

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FMAO has been the subject of several research reports. ValuEngine raised Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.

In other Farmers & Merchants Bancorp news, Director Anthony Rupp sold 2,072 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $87.10, for a total transaction of $180,471.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director K. Brad Stamm sold 625 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $81.00, for a total value of $50,625.00. Following the sale, the director now owns 80,468 shares in the company, valued at approximately $6,517,908. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,697 shares of company stock worth $285,096. Company insiders own 5.03% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $139,000. Advisor Group Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $206,000. Rhumbline Advisers purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $296,000. New York State Common Retirement Fund purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $298,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Farmers & Merchants Bancorp during the second quarter worth $432,000. Hedge funds and other institutional investors own 7.77% of the company’s stock.

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc is a bank holding company. The Company’s primary subsidiary, The Farmers & Merchants State Bank (the Bank), is a community bank operating in Northwest Ohio and Northeast Indiana. The Company’s other subsidiary, Farmers & Merchants Risk Management (Captive), is a captive insurance company.

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