Farmers & Merchants Bancorp (NASDAQ:FMAO) released its quarterly earnings data on Thursday. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02, Bloomberg Earnings reports. Farmers & Merchants Bancorp had a net margin of 24.46% and a return on equity of 9.65%.

Farmers & Merchants Bancorp (NASDAQ FMAO) traded up $1.61 on Friday, hitting $39.70. 813 shares of the company were exchanged, compared to its average volume of 13,719. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.92 and a quick ratio of 0.92. Farmers & Merchants Bancorp has a one year low of $19.02 and a one year high of $44.00. The company has a market capitalization of $364.64, a price-to-earnings ratio of 29.15 and a beta of 0.01.

The company also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Tuesday, December 26th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, December 22nd. Farmers & Merchants Bancorp’s payout ratio is currently 38.52%.

In related news, insider Todd A. Graham sold 2,800 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $36.94, for a total transaction of $103,432.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.03% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Farmers & Merchants Bancorp stock. Vanguard Group Inc. bought a new position in Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,967 shares of the financial services provider’s stock, valued at approximately $432,000. Vanguard Group Inc. owned approximately 0.15% of Farmers & Merchants Bancorp as of its most recent SEC filing. Institutional investors own 13.59% of the company’s stock.

A number of research firms have weighed in on FMAO. Zacks Investment Research raised shares of Farmers & Merchants Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, December 21st. ValuEngine lowered shares of Farmers & Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Farmers & Merchants Bancorp in a research note on Thursday, October 19th.

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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.

Earnings History for Farmers & Merchants Bancorp (NASDAQ:FMAO)

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