Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO) released its earnings results on Thursday. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02, MarketWatch Earnings reports. Farmers & Merchants Bancorp, Inc. (OH) had a return on equity of 10.78% and a net margin of 26.50%.

Shares of NASDAQ:FMAO opened at $42.33 on Friday. The firm has a market cap of $386.49 million, a PE ratio of 30.67 and a beta of 0.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.92 and a quick ratio of 0.92. Farmers & Merchants Bancorp, Inc. has a 52-week low of $34.46 and a 52-week high of $49.99.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Tuesday, October 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, October 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. Farmers & Merchants Bancorp, Inc. (OH)’s dividend payout ratio (DPR) is presently 40.58%.

FMAO has been the subject of several research analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Farmers & Merchants Bancorp, Inc. (OH) in a report on Friday, August 24th. Zacks Investment Research upgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, July 23rd. Finally, ValuEngine downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “buy” rating to a “hold” rating in a report on Friday, June 29th.

In related news, CEO Paul S. Siebenmorgen sold 1,140 shares of the 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 sale, the chief executive officer now directly owns 60,077 shares in the company, valued at $2,586,915.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul S. Siebenmorgen sold 6,363 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $42.11, for a total value of $267,945.93. Following the completion of the sale, the chief executive officer now owns 51,440 shares of the company’s stock, valued at $2,166,138.40. The disclosure for this sale can be found here. Insiders have sold 17,900 shares of company stock valued at $756,467 over the last quarter. 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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Earnings History for Farmers & Merchants Bancorp, Inc. (OH) (NASDAQ:FMAO)

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