Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) announced a quarterly dividend on Monday, September 24th, Wall Street Journal reports. Stockholders of record on Tuesday, October 2nd will be paid a dividend of 0.14 per share by the financial services provider on Saturday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, October 1st.

Shares of FMAO traded down $0.55 during midday trading on Monday, hitting $42.40. 9,295 shares of the company’s stock traded hands, compared to its average volume of 10,228. Farmers & Merchants Bancorp, Inc. has a 1 year low of $34.36 and a 1 year high of $49.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $397.89 million, a PE ratio of 30.78 and a beta of 0.06.

Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.78% and a net margin of 26.50%. The firm had revenue of $12.82 million during the quarter, compared to analyst estimates of $12.52 million. research analysts forecast that Farmers & Merchants Bancorp, Inc. will post 1.65 EPS for the current year.

Several analysts have recently commented on FMAO shares. ValuEngine upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Boenning Scattergood restated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a research note on Thursday, July 19th. Finally, Zacks Investment Research upgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, July 23rd.

In related news, CEO Paul S. Siebenmorgen sold 6,397 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $42.35, for a total value of $270,912.95. Following the completion of the transaction, the chief executive officer now owns 59,734 shares in the company, valued at approximately $2,529,734.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul S. Siebenmorgen sold 1,140 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $43.06, for a total value of $49,088.40. Following the completion of the transaction, the chief executive officer now owns 60,077 shares of the company’s stock, valued at approximately $2,586,915.62. The disclosure for this sale can be found here. Company insiders own 4.51% of the company’s stock.

About Farmers & Merchants Bancorp, Inc. (OH)

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking, retail banking, and other financial products and services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking accounts; savings and time deposits, including certificates of deposits; and custodial services for individual retirement accounts and health savings accounts.

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Dividend History for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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