Teachers Advisors LLC purchased a new stake in shares of Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,034 shares of the financial services provider’s stock, valued at approximately $498,000. Teachers Advisors LLC owned 0.18% of Farmers & Merchants Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter valued at $791,000. Schwab Charles Investment Management Inc. purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter valued at $472,000. Tufton Capital Management purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter valued at $457,000. Finally, Rhumbline Advisers purchased a new stake in Farmers & Merchants Bancorp during the 2nd quarter valued at $296,000. 4.25% of the stock is owned by institutional investors and hedge funds.

Shares of Farmers & Merchants Bancorp Inc. (NASDAQ FMAO) opened at $35.86 on Friday. The firm has a market cap of $332.30, a price-to-earnings ratio of 26.56 and a beta of 0.06. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.34. Farmers & Merchants Bancorp Inc. has a 12-month low of $16.40 and a 12-month high of $43.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $11.84 million during the quarter, compared to analysts’ expectations of $11.85 million. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%. equities research analysts expect that Farmers & Merchants Bancorp Inc. will post 1.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Tuesday, September 26th were given a $0.13 dividend. The ex-dividend date was Monday, September 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.45%. Farmers & Merchants Bancorp’s dividend payout ratio is 38.52%.

FMAO has been the subject of several analyst reports. Zacks Investment Research cut shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Boenning Scattergood reissued a “hold” rating on shares of Farmers & Merchants Bancorp in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.

In other news, Director Steven Everhart sold 1,256 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $39.00, for a total value of $48,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director K. Brad Stamm sold 625 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $81.00, for a total transaction of $50,625.00. Following the completion of the sale, the director now directly owns 80,468 shares of the company’s stock, valued at $6,517,908. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,183 shares of company stock valued at $439,793. Corporate insiders own 5.03% of the company’s stock.

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Farmers & Merchants Bancorp Company Profile

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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Institutional Ownership by Quarter for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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